Telenet, a Belgian telecom operator, faced significant challenges in the first quarter of the year. Despite efforts to improve sales through marketing campaigns, the company lost 800 mobile telephony customers and 6,000 for their fixed internet services. The parent company, Liberty Global, attributed this higher customer churn rate to intense competition in the telecom market.
Financially, Telenet remains on track to meet its annual expectations. In February, the company announced that they anticipate lower profits in 2024 due to it being an “investment year.” However, despite these challenges and customer losses, Telenet continues to navigate the changing landscape of the telecom industry by staying on schedule financially and adapting to market conditions.
Telenet is committed to remaining competitive and meeting its long-term goals by adapting to market conditions and staying focused on its goals. While facing competition and customer losses, Telenet continues to remain a strong player in the telecom industry.