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Global Telecommunication Services Market Report- Segments by Application Analysis, End Users, Regions | Virgin Media, Verizon Communications – KSU
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Profits and sales soar at Boohoo Group
Profit before tax at Boohoo Group grew 35% to £125m in the year to 28 February 2021, despite “Covid-19 cost headwinds and significant investment in acquisitions”.
Adjusted EBITDA grew 37%, to £174m, in the period, compared to the year prior. Gross profit rose 42% to £945m.
Group revenues rocketed 41% to £1.7bn. This was a result of “strong” revenue growth across all geographies, with the UK up 39% and international up 44%. International revenue is now 46% of total, up from 45% the prior year.
Boohoo Group agreed to acquire Arcadia Group’s Burton, Dorothy Perkins, and Wallis brands for £25.2m in February, after acquiring department store Debenhams for £55m in January.
Highlights
The 16 countries in our analysis had a combined 121.9 million paid subscriptions at the end of 2020, with the United Kingdom, Germany and France occupying the top three positions.
Over the last five years, the total pay TV base in the region grew at a CAGR of 0.2% to reach 108.6 million at the end of 2020, with IPTV driving most of the growth at a 4.8% CAGR over the same period.
OTT is providing key content owners such as The Walt Disney Co., Discovery, Paramount and HBO, among others, with paid content growth opportunities that had waned on traditional pay TV, although at a cost consumers can easily churn at any time.
Highlights
Morgan Stanley Infrastructure (MSI) Inc. supported the fiber expansion. The private equity firm committed to acquiring the entire stake of Tele Columbus AG for €3.25/share (through its subsidiary Kublai Gmbh) and consequently raising €475 million through Rights Offering
In December 2020, Toscafund Asset Management LLP and Penta Capital offered to acquire 70.9% of TalkTalk Telecom Group PLC, the third-largest provider of fixed broadband in the market, for 97 pence per share at an implied equity value of £1.1 billion.
BC Partners initially acquired United Group BV in 2019, after the company had already changed ownership twice. As an alternative telecom provider in the Balkan region, United Group operates in the countries of former Yugoslavia.
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