BERLIN, June 18 (Reuters) – German independent telecoms provider Freenet plans to ramp up its internet TV offering to challenge Netflix and Apple, Chief Financial Officer Joachim Preisig told Reuters.
* “Our goal is to reach a million customers as quickly as possible,” Preisig said in an interview.
* Freenet’s waipu.tv product, already available via the Amazon Fire Stick remote, has around 133,000 users.
* “In the next three to four years we want to reach between 2 and 3 million customers and an operating profit of between 60 and 70 million euros,” Preisig said.
* Freenet, a constituent of the TecDax index, has enough capital for acquisitions “but not at any price”, he said.
* He said the proposed takeover by Vodafone of Liberty Global’s German cable provider Unitymedia “may be good for competition and good for us”.
* Regulators may require the merged entity to open network access to third parties.
* Preisig said he sees Freenet’s 2018 revenue flat at around 3.5 billion euros ($4.07 billion) and core profit increasing slightly. ($1 = 0.8610 euros) (Reporting by Nadine Schimroszik; writing by Douglas Busvine; editing by Jason Neely)