Company Overview of Com Hem AB
Com Hem AB provides cable television, digital television, HD television, broadband, and Internet protocol telephony services to households in Sweden. It also offers interactive services for information management, communication, and property maintenance and operations to landlords. The company was formerly known as Telia InfoMedia TeleVision AB and changed its name to Com Hem AB in 1999. The company was founded in 1983 and is based in Stockholm, Sweden with additional offices in Göteborg, Malmö, Västerås, and Härnösand, Sweden. Com Hem AB operates as a subsidiary of Com Hem Holding AB.
Stockholm, 112 26
Founded in 1983
Key Executives for Com Hem AB
Compensation as of Fiscal Year 2014.
Com Hem AB Key Developments
Com Hem Eyes Listing On Stockholm Exchange
May 23 14
Com Hem AB has announced plans to launch an initial public offering to list on Stockholm Stock Exchange. The IPO will primarily consist of new ordinary shares, which Com Hem expects to raise around SEK 5.5 billion. Anders Nilsson, Chief Executive Officer of Com Hem said: "We have in the past few years made significant investments in the network, new products and the operations, which will enable us to fully capture the potential of this company. Com Hem has the fastest broadband offering in 80 percent of our cable footprint, last year we launched the leading digital TV offering with TiVo in Sweden and we have made an accelerated entry into the B2B segment through the acquisition of Phonera Företag this year." Andrew Barron, Chairman of Com Hem said, "We are excited about the future prospects of Com Hem as a public company given its well invested network and high quality products. We have assembled a strong and experienced management team to lead the Company on its journey to reach its full potential"
Com Hem Reports Earnings Results for the First Quarter Ended March 31, 2014
May 5 14
Com Hem reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s revenue reached SEK 1.124 billion, up 0.9% from SEK 1.114 billion in the fourth quarter of 2013, due to continued strong momentum in broadband, and price index increases boosting revenue from property owners. Underlying EBITDA rose 0.8% to SEK 545 million, from SEK 540 in the final quarter of last year. The net loss was SEK 255 million, up from SEK 59 million in the first quarter of 2013.
Com Hem Announces Management Changes
Feb 26 14
Com Hem has announced the appointment of Anders Nilsson as Chief Executive Officer and Jon James as Chief Operating Officer. Nilsson replaces Tomas Franzen, whose departure has already been announced and who will be leaving the company on March 06, 2014.
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