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Nexus 5 International Giveaway
Welcome to the Sunday Giveaway, this week we are giving away the highly touted Nexus 5 16GB Android smartphone – White or black, your pick.
Last week's winner of the Motorola Photon Q 4G LTE is: Larry N. (USA)
Nexus 5 Specs
- Size: 137.9 x 69.2 x 8.6 mm (5.43 x 2.72 x 0.34 in)
- Weight: 130 g (4.59 oz)
- Processor: Qualcomm MSM8974 Snapdragon 800, Quad-core 2.3 GHz Krait 400
- Display: 1080 x 1920 pixels, 4.95 inches (~445 ppi pixel density) True HD IPS Plus capacitive touchscreen, 16M colors
- Storage: 16/32 GB,
- Battery: Non-removable Li-Po 2300 mAh battery
- Main camera: 8 MP, 3264 x 2448 pixels, autofocus, optical image stabilization, LED flash
- Front camera: Yes, 1.3 MP
- OS: Android OS, v4.4 (KitKat)
How to enter the giveaway
You can earn entry tickets into the giveaway by completing the following tasks in the RaffleCopter widget located below.
- [1 Ticket] Be subscribed to our newsletter. If you are already subscribed, no problem just enter your email address. If you haven't subscribed yet, enter your email address, you will be sent a confirmation email be sure to confirm you want to join your newsletter.
- [10 Tickets] Refer friends to the giveaway. You will be given a unique URL to share with your friends or social networks. You will receive 1 bonus entry (up to 10 max) for every person who you refer to the giveaway using your unique URL.
Join Now!
a Rafflecopter giveaway
*Please note you will need to verify your email address, so ensure you enter a valid email address.
Terms & Conditions
- The giveaway is an international giveaway (Except when we can not ship to your Country.
- If we can not ship to your country, you will be compensated with an online gift card of equal MSRP value to the prize.
- We are not responsible for lost shipments.
- You must be age of majority in your Country of residence.
- We are not responsible for any duties, import taxes that you may incur.
- Only 1 entry per person, do not enter multiple email addresses. We will verify all winners and if we detect multiple email addresses by the same person you will not be eligible to win.
- We reserve all rights to make any changes to this giveaway.
- Luis Felipe Bustillo Velasquez
I know this time i will win :D
- Jonathan Sosa
ive said this so many times… good luck anyways
- Safouane Boudakkou
just like me
- Russell Ridley
Trying again
- Caleb
Hope I do… Been wanting something other than a Cracked gs3
- Chris Graves
- Eddie
One day I'll win something! :)
- Eddie
One day I'll win something! :)
- Kish
Pls give me I need it…. Have anyone won before ??
- Dehaha1
It will be me, I can feel it this time, it'll be black and beautiful.
- Christian Winkler
I want this so bad best phone ever!
- Bryan Liew
My turn to win noobs! Jk~
- ala slipknot
I lost my phone today, it's a sign :D !!
- john chunwei
i hope i wil get this.awesom phone!!please
- Prateek Pandey
I will win again :D
- Mohammed Osama
I hope I win Nexus 5
- thartist
Yay! This one is mine.,
- Alex Ohannes
Come on, Android Authority. Give us back that PlusOne button. Please.
- john chunwei
my phone keep reboot.
ihope will win this phone
- Guest
let's do this one more time with feeling! ^^
- chrone
let's do this one more time with feeling! #indonesia :P
- Akshay Sharma
I hope I win! :|
- Wes
Been wanting the Nexus 5 since it came out been rocking the Samsung Galaxy Nexus with a spider webbed screen for to long now.
- james heenan
Love this site. Would LOVE that phine#
- Jo
Hope I win this as a late birthday present!
- Rahul Sharma
I am hoping this time its me…!!!!
Good luck everyone!
- Abhijeet Das
I want it so bad!! :D My current android is laggy… I don't even have many games on it..
- Rui Ribeiro
its this time for me!
- Brian Ramos
Hope I win. Been stuck with the OG EVO
- pritish
& I with Xperia Play
- Mikhael Ramirez
Good Luck to everyone!!
- juanvilla
Really hope i get this. Maybe like this i can switch tmobile from verizon cause their service has only become worse.
- Dave Pearcey Sr.
Oh how I would love to win that phone. Thanks for the opportunity.
- Yaakov
Hope I win! This is my chance! :)
- James Epstein
I hope I win this.
- David Rodriguez
Mine…… end of discussion.
- n1234d
- Gomezgani Phiri
- Florin Chisacov
Love this site
- Chyan
Let's be a winner! :)
- Adarsh
Dream phone… I hope i win it this time!!!
- Okpalaeke kingsley
I like the nexus line of devices.
- Anthony
I really need that phone for my 13teen year old!!
- Joshua
- Anthony
You have no manners
- Major
you are too young, you can't have it :P JK
- gayle b
Fingers crossed :)
- MohamedBhasith
I love nexus5 device the way it looks oooooofffff. and also good luck for all the entry's
- altaf
hope to win this time
- Ian
Wouldn't be bad if we all win one day…
- Nguyễn Đức Hiền
Lucky for me! a lot of failure :(
- iantrich
Holding my breath….pass out…hit head on desk corner…bleed out…dream of Nexus 5 in hands…come to at the hospital with a medical bill much more than a Nexus 5…
- Tim
I have a nexus 5 :D i'll just sell this one lol
- rabyunghwa
for how much would you sell it?
- Jonathan Sosa
ill give you 1 dollah!
- MasterMuffin
You'll just sell this one? Well someone's confident :D
- Mohammad Osama
As always. MasterMuffin is involved in the comments. Lol
- Slosh
dude that MasterMuffin guy lives here, he's on every post, i mean EVERY post! :|
You should see BGR.com. On every post you see, in the comments section, you see the EXACT same people commenting. Oh, and as a warning, most of the people there are Apple fanboys…
- Atul Tiwari
why do you sell this?
- superballer13
Hope i win
- kkaimu
Men, when is my turn?
- chandan
I would like to win this :D
- Francois Foote
Once again
- rabyunghwa
PlEASE LET ME WIN! I so want that device!
- Raphael Florendo
Come on and be mine!
- Shivang Bhagat
- Rushdi
soo hard winning in this… need a phone badly tooo…
- Gil Cimering
Best spec for the price!!
- Swetank Sherlekar
This phone would make my life much better :)
- Mayur Salvi
Best specs in a smartphone……
- tejas
Come on Nexus 5! I am waiting for you..
- Juan Carlos Cañón Mercado
I wish all of you win… in another giveaway, this one is for me (I hope)
- Pablo15′ ♥
- Izwan Rahman
another giveaway yay!
- lexir
Be mine……N5
- Sagara Chathuranga
I know i will win this time for sure :D
- Faiz Arsyad Wahab
- Juan Alberto Gutierrez Flores
I really want this phone hope I win !!,regards and good luck everyone
- Jesse
Just buy it
- Daveon Jackson
Okay everyone stop entering so i'll win. :p
- choppiii
I don't want to sound needy but I really want a nexus 5…. Please…..
- Armyrul Roslan
Can you send the giveaway to Malaysia ?
- flyingcow
dont dead,open inside
- Shark Bait
I have one, it's awesome. Good luck guys!!!!
- Tammy Rahmasari
Be mine, please :))
- daniel
I rly wanna win, been wanting nexus 5 for ages….:-)
- shabbir
this time please pick me :D
- daniel
Pls pick me :?
- Anonymousfella
Another give away that I'll not get…
- Harsh Patel
Be my valentine Nexus 5 <3 :D
- Michael Fawcett
I'd stand a better chance if, at some point, it had asked for my email address… :-/
- Jay-art
hope i will win, we are late in tech here.
- Theo
Good luck to everyone!
- ala slipknot
it's not about luck bro ….
- Ghaleb
Great I have been subscribed
- ala slipknot
this week is my week, i know it B|
- Taleim
This would be a good upgrade for my mum, she currently has a galaxy y…
- jb0186
Hope I win! ;)
- Daniel Eduard Cretu
I was born to be a winner !
- Kazim
Hope to win this time.
- Joey Colclough
Can only hope, anything would be better than the pocket neo I currently have
- Ion E-A
"to confirm you want to join your newsletter." – meant to be "our newsletter". Cheers
- Vedant Singh
Entered please I wanna win
- Dhannie Kristanto
trying my luck again
- Michael Petkov
Too cool!
- Jared Rosario
Please be me!
- Flip Jumpman
Please me…
- HaZeeq Syameer
Must get a Nexus 5!
- Nukos Mananquil
- Richard Friedman
- P. Mendiola
I want this one. I hope I will win this time.
- ananda ramadhani
I must win this Nexus 5! Im boring with my SGS4 :D
- Benjie Rizon
nexus 5!
- Posma Butarbutar
wish me luck.. ;)
- Haider Khan
I think I should just win
- phoniac
Come to me
- bakakun028
I wish I could get rid of the bumps on my genitals
- Harry
i love phones and a nexus 5 would just amazing, it would be my life
- Ashraf Morsal
i wish i win nexus 5
- Baibhav Bhattarai
i am a die hard fan of nexus 5 but it isn't available in my country Nepal :'( i would be extremely happy if i won this one. i haven't won anything in those giveaways, but my hopes are up for this!!
- Sourav Gupta
I hope this time I win. :)
- Robert Ochoa
Love nexus always wanted one hopefully i win.
- Anand
ohhh I think that i will win this
- Robert Ochoa
My galaxy one is on its last legs badly I hope I win
- Anand
ohhh i think that i will win this….
- Bjorn ang
Omg this is my first participating in this kind of thing hope i win this phone . #Exicted #Nervous
- huiol
- Bianca Neguleiu
so many chances but i never win :(
- Nemus
Thanks :)
- Hari Krishnan
Gimme Gimme! :D
- misho
I have moto g and I'm not even sure if I want nexus 5. Yes I like my moto g that much
- Ellie Phoenix
fingers crossed :)
- Gabriel Hwh
Please let me win this time :}
- tony pazo
I want to win at least once lol
- Sherry Richards
I really really need to win this giveaway !
- Gerardo
I want this phone so bad!!! >.<
- Сергей Корсаков
- Pengzhu Cui
best phone ever! hope i will be lucky enough to get one
- Mohamed Werdan
nexus5 come to papa
- Tawsif Yousuf
for the love of God..please :(
- Shivam Amin
really wanna win this!!!!
- Dis5889
Oh goodies, another Nexus 5 giveaway :p
- MK Kimi
Please give it to me.. I really need to replace my legendary galaxy nexus.
Peace..from Malaysia
this time its me…i strongly believe i will win this, a really smart phone
- Pawan Chamling
am i ever gonna win anything?? :( :D
- Benny Walter
i've been waiting for a smartphone for the past 3 years,still i dnt have one. if god really wants me to win this contest i will win.
I haven't any luck in giveaways all my life, but you can't never give up entering on them, lol
Good luck to all participants!
- ivansam
I like this phone.
- Angry Bird
I want it
- Pathum Manjula
- eman
- Kit Shun Chan
Excellent phone, this!
- Ashish Chavan
I will try to win till I die…
- Kit Shun Chan
Always wanted to change the phone, awkward to say when the friends ask me what phone do i use…
- Devanshu Chaba
I need this piece of tech btw luv uh #anroidauthority
- Wytek
Ok, maybe this is the Lucky one!
- Vaibhav Chaudhary
I will try to win till I bleed! just kidding
- Neil Coutinho
Valid email address : Check
Ship to my country: Check
Android Authority Fan: Big Check
Love the Nexus 5 : Yes
Want the Nexus 5: Yes
Thanks AA you guys are the best …. : Check
- Armani
- Micael Rebelo
Can i have it in red? Ahah
- Prabhdeep Singh
I want it man!! I've been entering in so many Nexus 5 giveaways but haven't won any yet!!! Please man, i really want this phone!!!! I am hoping to win and not get depressed at another lose!!!
- Jens Ken Lundstrom
Thank you for this beautiful giveaway!I m entering with pleasure!
FB:Jens Ken lundstrom
Twitter:[email protected]
Google+:Helena Oops
Newsletters:[email protected]
shared the giveaway on fb: https://www.facebook.com/jens.lundstrom.33/posts/286603481493676?stream_ref=10
This is my tweet:
Crossed fingers!
- Angel Angelov
I have never won anything…. but who knows…. This may be my lucky try!
- Chris
Best handset in my opinion! :)
- darren_disqus
Dropped my nexus 5 Saturday morning and broke the LED Screen would love to win a new one…✋
- Sumir Swarup Kapur
I need one desperately!!
Make it happen for me, Android Authority :D
- Muamer Hajdarević
gl everyone :)
- Baldo Sanfilippo
- reti
Thank you Android Authority for this chance !
- Mustaq
iam trying from 1 year why iam not winning any thing from androud authority
- Sagar Mali
I own Galaxy…now i want Nexus :P ;)
- Dereece Dougherty
people who has a phone plz don't enter i don't even have a phone
- Antony Rasubala
Nexus 5 please come to indonesia, need to upgrade my gadget. Pretty please….finger cross
- ritesh
plzz poor baby says !
- Khadija Choudhury
Oh…i hope i win it…never won anything in my life!! :(
- Abhishek Basu
want one so badly :'(
- Luis Jose Marrero
it would be nice, being the first in my country that win this giveaway
- phlinuks
I'm going for the world record of consecutive giveaway non-wins… concentrating real hard here!
- Acaa Aca
hoping to win!
- Ryan
I hope its me this time…
- Bernard Kllogjri
I want this so bad because i dont have any phone :p
- tonysolinan
- tonysolinan
I am irish so I hope I have a bit of luck this week, I've been trying each week
to win so I will keep on trying!
- Amirul Ezzat
Nexus 5 ftw!
- tonysolinan
Maybe this week I'll win,anyway here's hoping, good luck to all who enter,I
Hope it is an Irish person as people forget we are European!
- Mozaik
This phone deserves a true winner , it may not be me .
- Arsh Khan
Want to win this time so bad!
- Jayfeather787
Haha!! Already has more entries than that photon Q of last week.
- Major
Its international
- Katana OS
I want one of this :)
- randyfromreno
I would love this.
- nashit
Please Derek
I'll cry if I win
- sai prithvi raj
i want this one big time!!!!!
- asterixis
- Admir Sulejmanovic
I want it!! I had Nexus 4 and i would love to win Nexus 5 and stay in Nexus family.
- amal james
This is my 5th attempt ….hope this time i win :D
- hmc
Come to papa
- aasim
ohh i realy love this phone .hope i win
- Ali Hussain
Is the past phone ever
- Alfreda Boles
Everyone is winning out of the US, this is BULL.
- Bruno Gama
I share my link with a friend and he did the subscription, but my point doesnt appears, I have to wait?
- Данаил Петков
This is the perfect smartphone. There is none like him.
Smartphone dream for me, because I can not have it. But at least it looking photos.
- Safouane Boudakkou
pleeease once in a life time, i wanna win, and i will never participate in another giveaway
- Mike
Ya right….lol
- Major
I was thinking the same thing.. just once I would like to win and I probably wouldn't even care about giveaways anymore…Its strange because I am joining giveaways, but at the same time I put away and collect some money too.
- Slobodan Zekić Bobek
i want this one :)
- Dennis
I'm in.
- Ahtesham
I want it (*_*)/
- Caylee Raz
Senpai, verify me!
- Dennis
This time I will win!
- Oto Rendon
- Alisan_C
Why not keep it fair, 1 entry per person… "you can win bonus entries.." pff none of my friends are techies like me.. they will never subscribe to this newslettre.
- Matthew Muysson
Isn't that true for most of us?
- Major
try to convince someone,if not tell them you will pay for a beer or something,or convince them that they might have the chance to win :) I have 1 entry too even though shared on facebook and twitter…probably the winner will be someone who has more entries…
- Al-Mothafar M. Al-Hasan
i'm pretty sure that have friends joined previous giveaways from my facebook page, but not counted, so I stopped publish it since nothing to count :)
- Mikhael Ramirez
none of friends would enter not even for the hell of it
- abdelrahman
- fernando martinez
I want it!
- Tarun Reddy
Fingers crossed…. :-)
- naresh
oh, i'd love to join the nexus family!!! :D
- Vladimir Lazarov
for the love of god when will i win!?
- izzulazim
Never give up!
- Iwan Haniyoto
Just try and try, and hope someday i will win from AndroidAuthority Giveaway!
- yo what up doh
Im gonna win maybe maybe
- Darren S
Thanks for the opportunity guys.
- CheeseMonsterHD
Probably won't win but whatever
- greig spencer
love to win this
- technofreak
I'd be really happy if I win it…
- Abiram Panchalingam
for the love of android ,let me win!
- kristian
wanna win something :(
- Dmitriy Sukhanov
- Alex Arctic
Well, I do need a new phone…
- Shamsheer Verma
So excited !!!!! :D :D
- Lorenzo
Italy <3 Nexus 5 <3 <3 <3 <3 <3 <3 <3 <3 <3 <3 <3
- Jeff972
i will win ! o.o
- taofeeq lawal
Hope I win
- Zack Teoh
Nexus 5 please T.T !!! I wanted this phone so much , my country not even having official
- Keith Taylor
Just give me the damn phone…
- Shaark Park
last time I won any give aways was…never…
- winston
Hope to win :)
- Johnny B Goode
Another try, or get dyin' :D
- debbie godbolt
fingers crossed my mobile is so old give it a little longer and it will be antique :)
- Damien
plz i haz a nokia lumia 800 that is old as hell plus i am jjust getting into android products
- tony solinan
I have just shared this giveaway on Facebook so I'm going to give it another
Go to win this giveaway!
In your prequisites you mentioned that you might not ship to some countries. Well, which are those? Also, do you ship to all European countries?
- Vedant Mathur
I love the nexus 5 my friend have it think it would be cool too have the same phone and thanks for the giveaway hope I'm lucky
- Aboopz
I still have a galaxy s 2, and can't afford anything else #universitylife
- Jibin Raju
I wish to win this one as my old LG optimus one is broken.. :(
- jim
yeah!!! i am going to win
- Davaughn Williams
I Want This a Because I Wasn't Able a To Get It For Christmas. This Is My Chance:)
- john chunwi
i really want this !!!
- InCuBu$
OOhhh….hope i win that beauty *_*
- Aaron Korsh
Let's keep our fingers crossed then.
- LeeOmay
I think i am the right person to win this OMG smartphone..
i will win.. hehehe
- Alan
If I win, I'll probably would start dacing all over my house!!!!!!!! I would really like this nexus 5
- MalikDepthside
hope you got someone lined up to clean that up for you
- Aditya Bhatt
I have the Nexus 4. If I win this I will give it out free to one of the commentors :D
- MalikDepthside
this is my thanks
- Minhye Han
- Dinda
- itamar safriel
really ? , i wold to get one XD
- Aditya Bhatt
Yup I swear, I bought the Nexus 4 months before Nexus 5 came out and now I feel like an idiot :D
- Anuraag
- Alisan_C
"if you win"
- Aditya Bhatt
1:22145 chance
- flofail
me plz
- Dennis
Awesone. That's like a movie call "Inception"; a dream inside a dream. lol
- Jonathan De La Rosa
- hotmauli saragih
Are you sure?
Because I don't have a mobile… :(
- Anant Sharma
some people are so over confident while its my 11 th giveaway participation so no hope
- Dennis
I'm still full of hope, because it is not my first time that a won something. So, never give up. :D
- trent
I'm still stuck on the galaxy nexus and it's becoming unbearably slow… Time for an upgrade already
- ODizzLe
Man, this is the dream phone. The dream phone. A white one.
- Mike
Never won anything! Not really expecting to win this either. No harm in tryin though. Maybe ill get lucky
- jan flats
My Sony xperia u is getting old
- ideedi
win win win win i want to win :)
hope i will win
- Bianca F
Fingers Crossed!!
- Tanmai M Gowda
I need a new phone
- ilhom
I never had any,,,, I need one PLEASE I love all Android Authority videos and I have subscribed even on youtube ♡♡♡
- MalikDepthside
Down vote disposal unit. Leave your down votes here. Thanks for not littering.
- Kevin Chilwin
I never win any of android authority giveaways lol. If I win, I will be the first person to have nexus 5 in my school lol. Good luck everyone!
- Daniel Salmaso
All Fingers Crossed!!!
- Haik
What is wrong ????? Already 3 of my friends registered here and yet I still have entries/earned 1/1 o.O !!!!!!
What am I doing wrong?
- john chunwi
- tony solinan
I have just shared this giveaway on Facebook so I'm going to give it another
Go to win this giveaway!
- mu5a5hi
I'd really like a nexus 5 to play with, I want to switch off of Verizon, but the signal on AT&T may be too weak in my area. Would be good to try it out without forking over the $ for a phone only to have to return it.
- faruqh
All the winners? So how many people who will get this phone
- Jasmeet singh
Neven Won A Giveaway…Hope This Time my GooD Luck…works for mee
- Nana Kofi Owusu
I claim this phone!
- Munchic Pham
I hope the new colors will be available in 4 days, so that I could choose the color if I win
- Elizabeth Aikins
I would like to win this phone as a gift for my son
I would like to win this phone
- EmElHeraldo
if i win ill retire my 4 years old phone… i never had much luck (xfingers)
- daniel
Let me win!!!!!:-D
- daniel
This is my first time entering a giveaway, hopefully android authority choose me
- Mert
I'm not receiving extra entries even if I made two of my friends subscribe to the newsletter with my referral link? What's missing?
- Joshua
i will win!!!!!!!
- Akashdeep
I want this beast….
- tony solinan
I am hoping to win some time any of the giveaways one of these weeks!
- Craig Lawrence
i have to win eventually
- Yvena Roses
i need a new phnone !
- B.R Parekh
i need it
- Siz
Hope I win finally!
- ryan
i love android. hope to win
- Brandon K
Pick me! I need to upgrade my Nexus 4
- bibin
Height of confidence. … I 'm looking for nexus 5 cases …for this getaway.
- bibin
Height of confidence. ..I am looking for nexus 5 cases. ..for this getaway
- thi ha
I got a 1/20416 winning chance. Good luck for me. LOL!
- Lazare Londaridze
- Saroj Pyakurel
these guys are just making us fool!!
- Roman Oligov
i need this phone!!please!!
- Farhan Yan
*crossing my fingers*
- Mae Lee
- Apocalypses Victor
Thank you so much for this wonderful opportunity you guys. Giving us a chance to win something is already a huge blessing.
- malik
I have been for so long entering contests but never won any
- Ayman Ezzat
Yo yo yo that is nice
- Teodorescu Maria
Good luck to all of you :)
- Arra Morta
- Roshan Kumar
i like to have a smartphone but my parents never allow me to have :( i wish i would get this google nexus 5…anyway thankz for giveaway chance :)
- Wisnu Nugroho
This should be mine!!
- Kevin Antiquera Cosa
I want one. :)
- anirudh
sounds like fun I'm in :)
- Abdullah Naji
Hope I win! This Nexus 5 shall be mine hehehe
- kyeongwoo nam
- Guest
i can feel it :D
- Yuji
i can feel it :D x
- patgfong
please let me win… my nexus 5 got stolen from me last week and nothing has been the same ever since.
- Ethan Campbell
I would love to win this for my mum. she does so much for me that I couldn't do for her, due to my disability. I would love to win this for her, it would mean the world to her.
- marshanu
How I wish
- Riffat Saeed
Thanks for giveaway!
- Nesreen atare
Hope to win
- jumana
Iknow this time i hope to win
- Unknown
- Karina
I want to win it this time… its THE NEXUS 5 after all :D
- Cogito Ergosum
done! mail [email protected]
- Emerson R.
i hope i will win! :D
- Abbas Ahmed
Log off people !
This piece is MINE !
Ain't nobody here gonna win this besides me…
- Jeroshi Germedia
please one please
- soumiix
hope i will win :) !
- Trent-D
Android Authority, you should give away the HTC Butterfly S next! I hope I win this one though!
- Davelegend
Hey people back off my product, matter of fact delete your entry I need this phone, it's mine there can only be one and it's me MEE!!!
- Abbas Ahmed
In 18 hours and 32 minutes you'll see whose name will be up there.
(SPOILER: It's gonna be mine)
- Davelegend
heh oh yea? it's mine dude I have luck on my side I just found a dollar earlier…
- Rahul Radhakrishnan
- ziyad
i want win
Good Luck To All
- Terence Valdehueza
Please let me win! :(
- Rajan bingi
thank u android authority for the nexus 5
- Rajan bingi
don't worry …. nexus 5 will be shipped to my address . …
- MauritsD
hope that I win
- Rajan bingi
thanking u android authority … ..hope more tech more android authority .. .. .
- Jhon Louie Dela Ramos
- Haik
Why are the amount of the """1/1 entries earned""" are not adding up , after I send already 5 links to my friends to register ?? It is still 1/1 o.O ??!
- Cheez Gilera
i won a mediapad before, (on our local service provider). So im just trying this again, and hoping for the best.
- Kaushal Niraula
33 minutes remaining. My heart is pounding with excitement!!! Maybe its my lucky day today
- Capirexz
- Davelegend
yeah the dang suspense is killing me, who won already? I'm dying to know.
- Amrita Kohli
who won?
- Davelegend
lol that's what I've been asking, I've refreshed the page like 12 times, I need to go to sleep
- Amrita Kohli
haha yeah xD
- Kapil Kalra
Who won ?
- Vignesh
When will the winner be announced ?
- Kasnadi Ajisuksmoyo
Tired of waiting, let me buy those thing..half price.
- benteers3
- Ashok
who won?
- Abbas Ahmed
Not you…
Who won? I hope I'm the winner!
- Davelegend
NOOOOOOO!!!!!! I didn't win, damn I am so depressed…
- Kaushal Niraula
Damn!!! That was close.
- Nabin Chhetri
i really need one phone and dont have so much money for buy one…my god give me some hope :(
- Hotmauli Saragih
Wish Me Luck…….. :)


text:
Blended Learning
Blended learning harnesses the best aspects of the new web and enables students to learn in the online contexts that are most conducive for learning together in groups, offering them the chance to learn German using Web 2.0 tools, blogs, forums, YouTube, wikis and text and video chatrooms. Working in small groups of 10 to 18 and under the expert guidance of our teachers, this truly is 21st century learning.
If you want to improve your German in your own time and at your own pace, our new concept might be the one for you.
Our Blended Learning concept comprises:
- individual online support by a Goethe-Institut online-tutor
- weekly online sessions with the group and the online-tutor
- up-to-date course material for independent study
- classes on Sundays at the Goethe-Institut New Delhi

subset: commoncrawl


text:
I don't know why it did, but it's starting to annoy me.
"Your submission has triggered the spam filter and will not be accepted"
Let me take a look and see.. Fixed. Try it now. If anyone else has this problem just let me know. :)
Well I posted my topic without the pictures and it was accepted so I couldn't tell if it worked but thanks any way, I'm sure it did.
I've added your account to the spam filter white-list. This is not the first time I've seen this problem. There is just no telling why the filter was blocking you, pictures or whatnot. :)
I had a couple links cause that. They were in HTML and were making something pissy. I just posted them as full urls with no issues.
But it made my post look cluttered... :-(
Added: IT FLAGGED MY WORD! ROFLMAO!!!
Yeah, that word falls under the bad word filter.. lol
Maybe some links are filtered because of bad words and that triggers the spam filter? I'm not really sure. Just to be on the safe side I've added both of you guys to the Spam Filter White-list, but that will still not change the bad words filter. ;)
Copyright 2016 © Godem Online Inc. | Web and server solutions by NewTech Solutions.


text:
Sammy the Turtle Kids Club runs an extensive daily programme for Children age from 4 to 12 years offering adventures, activities, fun , laughter & friendship. Activities include Arts & Crafts, Playdough . Painting,Board Games Movie Nights, Various Sports, Kids Disco & much more
Welcome to
the Anner Hotel
The Anner Hotel is a family run 4* Hotel, located on the outskirts of Thurles, County Tipperary, set on private grounds with beautifully manicured gardens.
Mid-way between the cities of Cork & Dublin and is only 1.5 hours from all major cities.
The Anner Hotel is delighted to announce that we have recently been awarded our 4 star grading from Failte Ireland, and we very much look forward to welcoming you.
The hotel boosts 96 bedrooms all tastefully decorated in restful tones, extensive conference facilities are available, as well as Private Dining, Conference and Banqueting Suites, Eds Bar & Bistro, Seasons Restaurant, State of the Art Leisure Centre and our beautifully appointed Wedding Banqueting Suite.
Originally a country house, the hotel has expanded to include modern amenities whilst still holding on to its old world charm & character, thus creating a Welcoming & Friendly atmosphere
Whether your visit to the Anner Hotel is for business or pleasure, the Management & Staff will offer you friendly service, excellent facilities in a professional & comfortable environment
The Anner Hotel is committed to making your stay with us a memorable one.


text:
Midwest University
Sign Up To Receive Updates on Midwest U 2017
Save The Date: Next Year's Midwest University
March 22nd and 23rd, 2017
Mystic Lake Hotel and Casino
Prior Lake, MN
Midwest University is a Professional Development conference for Autodesk Users seeking opportunities to learn, connect and explore the building and infrastructure industries they influence. Explore the latest Autodesk software, network with peers, and learn from industry experts.
2016 Attractions
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This two day event features 90 breakout sessions taught by the region's top instructors and Autodesk technical experts.
See where the industry headed and how to prepare for the changes.
Midwest-U will equip you with the knowledge, vision and strategy you need to keep your organization on the leading edge.
Amar Hanspal
Senior Vice President of Products
Jonathan B. Bartling
Architect | Director of BIM | Associate VP
Lynn Allen
Technical Evangelist
Andrew Manninen
Corporate CAD Manager
Chad Grismer, PE
Senior Project Engineer
Westwood Professional Services
Midwest U offers a unique opportunity for you to find answers to your pressing questions during our discussion panel.
We have arranged for leading innovators from the industry to address your questions.
Submit your panel question when you register!


text:
Wonder Boy III: The Dragon's Trap
26,770pages onAdd New Page
this wiki
this wiki
Wonder Boy III: The Dragon's Trap (Monster World II: Dragon no Wana in Japan) is a game, originally released by Sega. released for the Sega Master System and was later ported to the Game Gear.
The game was released as Dragon's Curse (Adventure Island in Japan), developed by Hudson Soft, for the PC-Engine, TurboGrafx 16,and was later ported to the Virtual Console.
|This article is a Stub. You can help by adding to it.
Stubs are articles that writers have begun work on, but are not yet complete enough to be considered finished articles.


text:
This deal has ended.
These Fancy Circular Drop Earrings drop from $55 to $16 at Netaya today only. With free USPS shipping, this is the lowest total price we could find by $7 for a similar item. These earrings are crafted of sterling silver. There is no sales tax (except NY).No longer available


text:
realmagick.com The shrine of knowledge.
A selection of articles related to happy.
Original articles from our library related to the Happy. See Table of Contents for further available material (downloadable resources) on Happy.
- Popular Oracles and Omens
- I think it would be correct to assume that man has always been anxious to lift a corner of the veil of the future. In this section I've included several popular oracles, omens and superstitions. Some of these might seem a bit ridiculous, but why not consider...
Psychic Abilities >> Divination
- Happiness is a decision
- Happiness is transpersonal divine joy and fulfillment in creating and connecting. It is the outbursting purity of the Universe. In happiness one is opening up to the fullest for life, her gifts, possibilities and challenges. This implies that happiness is not...
Mind >> Meditation
- On the heaviness of weight
- Mother goddesses of ancient cultures often are voluptuous figures with pronounced breasts and thighs. A successful nowadays paintress fills her canvasses with sensuous, joyful and overweight ladies, and everyone I've showed her pictures becomes happy and...
Paganism & Wicca >> Daily Life
- Psychic Protection - Barriers
- Introduction: The countermeasures given in these short articles are extremely basic. They only contain the bare bones of what is necessary to use them. To understand the principles behind these countermeasures, please get a copy of 'Practical Psychic Self-Defe...
Psychic Abilities >> Psychic Protection
- Ingwaz
- Welcome to the Rune-of-the-Month Club! Ingwaz is the sixth rune of the third aett, and the twenty-second rune of the Elder Futhark as a whole. Its sound is that of the English "ng." Like Thurisaz, it represents a sound written by two letters in the Roman...
Divination >> Rune Stones
- Apple Divination
- We have all heard and used the expression "An apple a day keeps the doctor away." This expression is based on a very old superstition and is one of many associated with apples. I am quite sure that you have all held an apple in one hand and twisted...
Psychic Abilities >> Divination
- The Four Symbols of Usui Reiki Ryoho
- " It is not God's will merely that we should be happy, but that we should make ourselves happy." Immanuel Kant According to many traditional teachers the Reiki symbols are sacred and therefore secret and should only be seen by insiders, meaning...
Body Mysteries >> Reiki
Happy is described in multiple online sources, as addition to our editors' articles, see section below for printable documents, Happy books and related discussion.
Suggested News Resources
- Happy Nowruz To Persian Entrepreneurs: Looking Ahead To The New Year
- Happy Nowruz! As we ring in this New Year, I want to take a moment to congratulate the Iranian entrepreneurs, startups and organizations that are creating values.
- Happy Valley's Sarah Lancashire rules out making third series
- I'm afraid I have sad news for Happy Valley fans – after two brilliant series, leading lady Sarah Lancashire wants to quit the critically acclaimed BBC crime drama.
- Happy Valley reviewed by Deborah Ross: The biggest accolade? It passed my
- More than anything, Happy Valley was a tour de force for its star who, as Sgt Catherine Cawood, managed to convey toughness and vulnerability, a sharp edge and real human heartache, without ever straying into cliché.
- Happy Hour practice results for Auto Club 400 from Fontana
- The Joe Gibbs Racing Toyotas continued to show great speed during the final Happy Hour practice session in advance of Sunday's Auto Club 400 at Auto Club Speedway. JGR's Matt Kenseth paced the last preliminary before the race, setting a best lap of ...
- Melbourne happy to pay the price to get F1 season off to a flying start
- Melbourne happy to pay the price to get F1 season off to a flying start. Loss made on staging the race seen as worth it by Australian city that puts many other grand prix host venues in the shade.
Great care has been taken to prepare the information on this page. Elements of the content come from factual and lexical knowledge databases, realmagick.com library and third-party sources. We appreciate your suggestions and comments on further improvements of the site.
Happy Topics
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text:
Schubros Brewery has secured a San Ramon location for its headquarters and has some new hope for its financial future with the recent passage of a bill that allows for crowdfunding -- raising capital from lots of small investors instead of a few big investors.
Schuster had a mixed review of the JOBS (Jumpstart our Business Startups) act. He said the original version passed in the House of Representatives was exactly what small businesses had called for. It allowed startups to bypass Securities and Exchange Commission filings that can add $40,000 to $70,000 in costs.
That changed in the Senate version, Schuster said.
"The problem with the bill is that there was an amendment that was added on, that put on it several times 'subject to SEC approval.' That sort of put it out of reach of a lot of startups," he said. "As a company you will have to register with the SEC and will have to file annual reports with the SEC. It's no longer a bill for startups."
Schuster said Schubros lucked out by getting some bigger investors that will allow the company to pay the SEC filings and will be ready to use crowdfunding as soon as it's signed off by the SEC.
"We just will eek into being able to do it," he said. "Beer is a very charismatic industry. We were lucky enough to get some notice, such as in the Yes In My Back Yard campaign."
Despite the JOBS act's passage last week, he said it will be more than a year until small businesses will be able to take advantage of crowdfunding.
"It's going to be 18 months until the SEC will have all its papers in order," Schuster said. "Eventually, when the SEC signs everything off, you're going to have a bunch of websites emerge that are halfway between Kickstarter (a website that allows people to fund specific arts projects) and E-trade."
Even though Schubros will be able to use crowdfunding from jump, Schuster said the company is promoting some changes in the law that could be implemented right away and would help all small businesses start crowdfunding. Schuster is part of a group that's just launched a Facebook page, 35To350, which calls for just adding a zero to the amount of investors allowed before SEC involvement.
Although the company will still brew in Santa Cruz for now, Schuster hopes San Ramon will be its permanent home.
"When we do sell (shares), we're going to try to make it a local sell," Schuster said, adding, "Our shareholders will be our best customers."
It helps, he said, that San Ramon has "a lot of people with disposable incomes."
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text:
"A very happy book"
I loved it. If Barbara Rosenblat had read it, it would have been worth a ten. I wish authors wouldn't read their own books. There are so many very good readers for audio books now especially women readers.
"Great Performance"
Alison Larkin, a performance artist turned author, wrote this book to be performed. It is a funny and poignant novel that tackles difficult subject matter with plenty of wit and levity. It's the kind of book that will make you late for work, as you sit in the car listening to "just one more chapter."
"very pleasant surprise"
I expected this to be either "cutesy poo" or else agonizingly self conscious. Well, I was wrong, so this gamble was won.
The reader is fabulous. She gives extra value to the text, the transitions, and even sings the songs well.
It helps that I sympathize with what is probably the main point: that one's life turns out ever so much more happily if one exercises some self control, and practices good manners.
Having grown up in the deep South, then acquired a British mother-in-law, I tnoroughly enjoyed many of the descriptions and characterizations. Outrageous is fine, and it fits, especially the Southern Belle (and "gentleman") types.
This is meant to be entertainment, and it succeeded, very well. The overly sweet ending was the weakest point. But it couldn't destroy the excellent text and the outstanding reading.
Immigration lawyer in Kansas City. I like Character driven dramas, fantasy (monsters, magic and witches oh my!) and coming of age stories. Favs include: The Book Thief, The Game of Throne series, Harry Potter Series, Dresden Files, Nightside series, anything by Neil Gaimen, 100 Years of Solitude.
"Great characters"
I really enjoyed the story and the narration. I was a little hesitant about this book because the autor narrates it herself, which I don't always like. But this author was a very good reader and made each character come alive with her different voices.
The characters were very vivid and I wanted to strangle Billie by the end of the book for being such clingy nutcase, but all in all I really enjoyed it.
"Wonderfull, wonderful audio book!"
I listened to this extraordinary audio book on a long car journey with my husband who bought it knowing nothing about the author. We both absolutely loved it. It's a wonderful story, voiced by the most talented narrator I have heard in a long time. The fact that Alison Larkin is also the author of this amazing story blew us both away. We had to stop at a lay bye to listen to parts of it because we were so totally in to the story. I HIGHLY recommend this to anyone who loves a really terrific story. It made me think about how much of who I am is nature and how much is nurture and how much of who I am is my choice. And the love stories are so sexy. I loved it!
"Great book, well worth reading"
I chose the English American, mainly because my mother's maiden name is Larkin and she was always a very strong Anglophile, so I probably came to the book for different reasons than the average reader.
That being said, I found the book by turns heartbreaking and delightful. I so wanted Pip's (birth)mother to not be the woman she was. I wanted her (birth)father to be less impressed with his own self-importance. But I also cheered for Pip and her own journey of self-discovery which she wouldn't have taken otherwise.
Finally I think the unsung hero's of the story are Pip's (adoptive) parents. Not every parent has the love and faith necessary to let their child explore where they came from, without feeling rejected by that child. Bravo, to them for loving thier daughter so much they let her become who she truly is.
"Lost momentum"
This started out SO good, although I thought the author seemed to be trying too hard to sound like "Bridget Jones' Diary". Then, all of a sudden it just seemed to meander off, and I lost complete interest. Just could not muster interest to complete it. Sorry.
"Fun, fun, fun!"
Normally, I avoid books read by the author. I'm glad I made an exception in this case. Sometimes, I just want a funny, easy to listen audio. However, if it's not well written and read, it's just annoying. I will listen to this one again on a long car ride with my daughters.
"Were the political views pertinent to the story?"
I liked this story very much. It was well written, entertaining, and insightful in many ways. We have adopted children in our family and I can appreciate that they will want to know their heritage.
It was annoying that the author added a lot of her personal political views that were neither pertinent to the story nor necessary. I seriously doubt that the airheaded English girl she described would have been as well informed about American politics as this girl whose only obsession was to learn about her birth parents in America. As a conservative Republican I took exception to many of the Liberal ideas she espoused and found it disgusting that every character who had serious character flaws were Republican. It is too sad if she does not realize that there are many dumb, uninformed, and dishonest Democrats.
"No wonder we love Brits!"
I read the book first but then bought the audio version. I'm SO glad I did! What a joy it is to hear this compelling story as read by the talented author. Larkin's posh accent serves as the perfect aural counterpoint to the book's heroine, the unabashed AND unapologetic ragamuffin, Pippa.
As someone who has lived in many U.S. towns and cities--including the South--I am amazed by Larkin's breadth and accuracy of "real" American voices. I can't wait to listen again!


text:
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Name: dispatch installation error.zip
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text:
Recent Reviews
A Fantastic Adventure!!!
A friend and I had a fantastic long weekend staying on this boat! Although I would advise exercising the same logic when it comes to camping, where the maximum capacity would be extremely tight, we found the boat to be as per the advertisement, clean, comfortable with new mattresses, new clean linen and towels with plenty of windows for ventilation. Sunbathing space on the front of the boat is limited to about 2 people but the table/seating area at the back of the boat is a good size for 4/5 people and sitting outside of an evening enjoying a glass of wine, chatting and watching the sunset over the marina is quite magical. As no toilet paper can be flushed on the boat it is mainly good for convenience during the night however the boat is located right at the entrance of the marina, a 30 second walk from the communal shower/toilet block and we found these to be clean and more than adequate for daily showers etc. Close to the boat is plenty of free parking and a short walk across a stoney beach are a handful of restaurants and a convenience store. As per the advert there is a 2 ring hob, small fridge and toaster, we found this enough for making breakfasts, snacks and cooling drinks. For the price of the stay, the boat is absolutely fantastic value for money, we had a great adventure by staying, even when the water was a little choppy due to wind we both still had brilliant sleep and Pedro was great with communication, helping us with anything we needed. We would have no hesitation booking another short break here again!


text:
New images from 'Warm Bodies' and 'The Perks of Being a Wallflower' released
'Step Up 4', 'Gone', 'Man on a Ledge' and 'Sinister' stills also hit the web
Next gallery »10 nice things we can say about the 2012 Critics Choice Awards
« Previous galleryThe Lists: In Contention's Top 10 bubble contenders to consider for Oscar
Rate This Image
Rank 6 | Avg. 6.7
Nicholas Hoult gets soaked in 'Warm Bodies'
Based on the book of the same name by Isaac Marion, "Warm Bodies" is a post-apocalyptic tale that tells the story of a zombie named R (Hoult) who falls in love with a human girl (Teresa Palmer). The film is scheduled for release on August 10th.
Photo Credit: Summit Entertainment


text:
Opening Statement:
"It was the kind of game that the kids talked about themselves - as I heard them talking when we got in the locker room - I talk all the time, sometimes you just have to grind it out. It's not a pretty game. It's not a game where its everybody flying up and down the court making pretty passes and pirouettes. Sometimes its just get down and grind it out. I think that's what it was tonight and that's what the kids were saying when they got in the locker room. I think Virginia's a really good basketball team. They have had some huge wins this year - Arizona, Gonzaga, who beat us - so we knew it was going to be a very difficult game.
"We didn't shoot the ball particularly well but give their defense the credit when we're 19 of 39 in the paint and we didn't shoot the ball really, really well all year long. Our big guys - Brandan's (Wright) 66, 67, Tyler's 54, 55, whatever - but they didn't get the ball to go in the basket. Marcus missed two dead lay-ups himself. For us, we do need to shoot the ball well to be as good a team as we want to be. To be able to shoot 38 percent and still win the game - we felt good about it - it boils down to the backboards was the whole key. The backboards should be in our favor - we're bigger and probably have more bodies than they do.
"With Singletary and Reynolds they really put some pressure on you defensively cause they handle the ball so well and they are so gifted about getting into the lane and getting their own shot - gifted about getting in the lane and getting other people shots - that was difficult for us. Early in the second half, three straight possessions Reyshawn got all the way into the lane and got lay-ups for everybody. We were standing around a little bit at that point. Feel good about the win - there's no question about that. Don't like our free-throw percentage, don't like that we missed some shots we should make but, again, give Virginia credit because they guard you. No question about that. David said in the press after their trip to Puerto Rico, or wherever, was that they came back and focused on the defensive end. I didn't see any of those games so when I've seen them they have played well on the defensive end of the floor. Tonight every shot that we shot, I felt like they were getting a hand up and challenging that. That's what we want to do on the defensive end ourselves."
On the second half play:
"I think we got it out to ten or twelve a couple of times. One time they make two straight threes and take it back to four or five...I think Marcus (Ginyard) gave us a life, I think Deon Thompson gave us a lift... I said all year long our bench is going to be important to us and if you look down there we have 8 off the bench, 7 off the bench, 4 off the bench, 5 off the bench, and I would guess that it's more than what their team had."


text:
KPN Group (OTCPK:KKPNY) Q3 2012 Earnings Call October 23, 2012 4:30 AM ET
Hans Söhngen – Director, IR
Eelco Blok – Chairman and CEO
Eric Hageman – CFO
Akhil Dattani – JP Morgan
Hugh McCaffrey – Goldman Sachs
Nick Lyall – UBS
Dimitri Kallianiotis – Citi
Frederic Boulan – Nomura
Matthew Bloxham – Deutsche Bank
Luis Prota – Morgan Stanley
Ladies and gentlemen, thank you for holding, and welcome to the KPN Conference Call. At this moment, all participants are in listen-only mode, and later we will conduct a question-and-answer session. I would like to hand over the conference to Mr. Hans Söhngen, Director, Investor Relations. Go ahead, please, sir.
Hans Söhngen
Good morning. Welcome to KPN's Q3 2012 results conference call. Today, our CEO, Eelco Blok, and CFO, Eric Hageman, will take you through our third quarter results and address your questions during Q&A.
Let me briefly point out that the Safe Harbor statement applies to this presentation, and that any forward-looking statements made in this presentation do not differ from those already made in the press release published this morning.
I would now like to hand over to Eelco Blok.
Eelco Blok
Thank you, Hans, and good morning everyone. Over the past nine months we have made further progress to strengthen our domestic market positions in the Netherlands, where we have accelerated our investment strategy, and internationally we focus on balancing revenue growth and EBITDA margins.
Against an uncertain and challenging macro environment we have seen mixed performance across the group. Specifically, I would say we are on track in the Netherlands towards reaching our 2012 targets, while stabilizing our broadband market share in consumer residential and of maintaining our stable market share in the business segments, but we face conditions of increased competition in all our mobile markets.
We continue to upgrade our mobile and fixed networks in the Netherlands to provide the highest quality services for our customers, and we continue to increase customer driven capital expenditures to strengthen our domestic market positions. In Dutch mobile we are starting to upgrade the network to enable LTE, while in the fixed segment the hybrid approach of corporate network upgrades and a continued Fiber-to-the-Home roll-out is working well.
Our commitment to our customers through direct and accelerated investments is a key part of our strategy, whose success is illustrated by rising net promoter scores in the consumer market, driven by improved customer service, such as free 24x7 call centers and a strong focus on quality. We are also doing well on customer satisfaction in the corporate market, but still have to do better in the business markets. We are making good progress with our 4000 to 5000 employee reduction program, which is currently on track, and expect it to be finalized by the end of 2013.
In Germany competition has intensified in recent quarters, which is leading to a slowdown in our top line growth. Even in Europe's strongest economy customers are increasingly looking for and receptive to opportunities to reduce their costs and improve their tariffs. As a result, all network operators have launched new initiatives with a strong focus on price.
As the challenger, E-Plus is adjusting in several ways. Innovative all-net flat postpaid propositions were launched leading to higher postpaid net adds. The growth from higher postpaid net adds is however being offset by the fact that existing customers are optimizing their tariffs. We are continuing to drive cost discipline, and we are on track with the accelerated high-speed data network roll-outs.
KPN Group Belgium performed strongly in 2012 year-to-date. They have launched a number of initiatives under its challenger strategy to protect and enhance its market positions. An integral part of our group strategy is to focus on corporate social responsibility, and I am proud to say that this has been recognized. KPN has again been included in the Dow Jones Sustainability World Index, and furthermore the Carbon Disclosure Project 2012 declared KPN as the number one telecom operator worldwide with respect to the emissions reduction performance.
We are all focused on strengthen, simplify and grow our businesses, and to deliver successful results from the accelerated investment strategy in the Netherlands. We confirmed the financial outlook for the full year 2012. At the same time, we acknowledge that also in the coming period market conditions are set to remain challenging. Nevertheless, we are confident that the accelerated investment strategy in the Netherlands and our challenger strategy in Germany and Belgium are succeeding in supporting a solid future for KPN.
We recognize that we are outside our self-imposed financial framework, and we expect that this situation could continue for the coming quarters. We will continue to strive for a balance between a prudent financial framework, investments in our business, and shareholder remuneration.
All in all, KPN is on track to realize its full year 2012 outlook for EBITDA, Capex, free cash flow and dividend per share. Therefore I confirm the outlook.
Now I would like to hand over to Eric Hageman.
Eric Hageman
Good morning. As Eelco just highlighted, we recognized that we are still outside our self-imposed financial framework. Net debt at the end of the third quarter was stable compared to the previous quarter at 12.4 billion. The stable net debt was mainly the result of free cash flow generation during the quarter, offset by the interim dividend payment in August and some small items like the tax recapture payment.
Combined with a lower EBITDA over the last twelve months, this resulted in an increase in the net debt to EBITDA ratio to 2.7 times. Also this year we will see phasing in free cash flow with a significant part still to come in the fourth quarter, which will positively influence the leverage ratio. However, in the short term, the evolution of this ratio maybe impacted by strategic investments.
In the third quarter, we strengthened our liquidity position by issuing a 750 million Eurobond at a low coupon of 3.25%, compared to our current average coupon of 5.1%. This illustrates that KPN continues to have very good access to the debt capital markets at attractive rates. This quarter we also extended our 2 billion revolving credit facility with all our 14 relationship banks to July 2017.
The chart in the bottom left corner indicates that there will be a bill in redemption coming up in November, the 13 to be precise. This can easily be financed by the 1.5 billion in cash we currently hold on our balance sheet.
Let me continue with the group results for the third quarter. Revenues were down 2.8% year-on-year, excluding the impact from the loss of revenues as a result of the sale of Getronics International earlier this year. The decline in revenues in the Netherlands was mainly due to the performance of consumer mobile and NetCo.
EBITDA decreased by another 53 million or 12% year-on-year, which was mainly caused due to NetCo Germany, and consumer residential.
Operating expenses this quarter were down 6.5% year-on-year due to lower Opex because of the sale of Getronics International and the 72 million lower restructuring cost compared to the same quarter last year. These Opex savings were in part offset by investments to strengthen our Dutch market positions, increased commercial investments in Germany, and higher pension costs.
Furthermore, depreciation was up 12% as a result of a one-off depreciation charge of 42 million in Germany related to assets under construction as a result of a reclassification to PP&E.
Let us now move on to the year-to-date group results. Revenues year-to-date were down 1.6%, excluding the impact of the sale of Getronics. In line with what we just saw for the third quarter, this decline is mainly due to the performances of consumer mobile and NetCo, and to a lesser extent is attributable to our residential and business segments.
EBITDA decreased by 440 million or 11% year-on-year, which was mainly the result of NetCo and consumer residential's performance. Taxes year-to-date were up 59 million compared to the first nine months last year, when KPN benefited from a one-off innovation tax facility related to the 2007-2010 period.
Let us now skip one slide and move to the group cash flow year-to-date. Year-to-date 2012, we generated 917 million in free cash flow, 600 million less compared to last year. This delta can be explained as follows, 450 million lower EBITDA, 184 million higher tax payments, 80 million more negative change in working capital and 48 million higher Capex, mainly related to an increase in customer driven investments in the Netherlands, such as TV and Fiber-to-the-Home activations and handsets.
The decrease in cash flow is partly offset by 74 million higher change in provisions, mainly due to high additions to provisions caused by actuarial losses of 55 million at Getronics UK and US, and 66 million lower interest paid mainly due to bond redemptions in Q3 of 2011, and a shift of coupon payments to Q4.
In Q3, we have seen a positive impact on our pension funds, largely driven by the implementation of the Ultimate Forward Rate as of the 30 September, which led to a positive effect on the coverage ratio of 3 percentage points. The Ultimate Forward Rate is a part of the discount rate for pension liabilities used by the Dutch pension regulator. The coverage ratio of our largest pension fund increased to 104% in the third quarter, and the coverage ratio of our other smaller pension fund increased even higher to 109%. This led to an average coverage ratio of KPN pension funds of 104% at the end of Q3.
In Q3, a recovery payment of 19 million was made. Based on the coverage ratios at the end of Q2 and Q3 2012, KPN will have the obligation to make recovery payments of 23 million in the fourth quarter, and 19 million in the first quarter next year.
Let us now review in more detail the financial results of our segments, starting with our Dutch Telco division. Q3 2012 saw a continuation of trends within our Dutch Telco businesses. Revenues and other income were down 94 million or 5.7%, including a negative impact from regulation of 27 million. The lower revenues were mainly observed at consumer mobile and NetCo.
EBITDA, excluding restructuring cost, decreased by 101 million, or 11%, as a result of lower revenues, and a 60 million regulatory impact. The EBITDA margin decreased to 50.3% from 53.5% in the same quarter last year, but was higher than in the first two quarters of this year, which was around 49%. At the same time, improvements in our underlying cost structure are planned to support our margin at Dutch Telco going forward, which I will talk about in a moment.
Let us move on to the financial review of the segments within Dutch Telco. Revenues at consumer mobile were 51 million or 11% year-on-year as lower traffic was only partly offset by higher committed revenues. Service revenues were down by 10%, and impacted by regulation to the tune of 13 million. EBITDA at consumer mobile increased to 145 million in the third quarter from 135 million in the second quarter, driven by the introduction of the new commercial propositions, including a handset lease model. As a result, we have seen an increasing margin over the last quarters to 34.4 this quarter.
Revenues at consumer residential were relatively stable over the last quarters at 457 million as the positive trend in TV and Fiber-to-the-Home revenues were offsetting the lower revenues from a smaller fixed voice customer base. The EBITDA at consumer residential was also stable Q-on-Q at 100 million. This led to a stable EBITDA margin Q-on-Q, albeit at a lower level to last year as a result of the increased activation cost for IPTV and Fiber-to-the-Home as the number of customers continued to increase, higher content cost, and a continued decline of traditional services.
Revenues and other income at our business segment were down by 31 million or 5.2%, impacted by 10 million regulation, lower traffic, the continued decline in high margin traditional services, and price pressure in a competitive market environment. Wireless data revenues continue to show a good performance though, and the challenger brands, Telfort and Yes Telecom, also performed well.
There is a noticeable revenue step down Q-on-Q. This is due to lower hardware sales. In line with lower revenues, EBITDA for our business segment was also lower at 194 million in the third quarter compared to 200 million in the second quarter, and 210 million in the same quarter last year. This led to a relatively stable EBITDA margin of 34.1% in Q3.
Revenues at NetCo were down 6.5% year-on-year. The top line performance of this segment follows the revenue trend across our Dutch Telco operating segments. EBITDA at NetCo declined to 354 million this quarter due to increased fiber activations. This quarter we announced a partnership with Tech Mahindra, which should lead to a more efficient IT spend in the Netherlands and result in 200 million IT savings over a five-year period of which the majority will fall in the NetCo segment.
Revenues at Corporate Market The Netherlands were down 5.2% year-on-year at 291 million due to the adverse market environment, which continues to negatively impact the ICT sector in the Netherlands. Prospects in clients continue to postpone larger ICT investments. The underlying EBITDA margin was 7.2%, where we now start to benefit from lower personnel cost as a result of a successful FTE reduction program.
Revenues at iBasis were up 8 million or 3.1%, including a positive US dollar versus Euro currency effect of 4.6%. The EBITDA margin in iBasis was higher in Q3 at 3.4%, supported by a focus on cost control and some smaller one-offs.
On the next slide we set out that we continue to make good progress with a 4,000 to 5,000 FTE reduction program as we have recorded 208 million restructuring cost related to approximately 2,500 FTEs since the start of the program in the beginning of 2011. We have been able to reduce the number of FTE in the Netherlands by 1150 since the start of the program.
However, the number of FTEs that left KPN as part of the FTE reduction program is actually higher at around 1300. The offset in increase of 150 is due to the accelerated investment strategy implemented at the start of the year. Here you need to think about more customer facing staff, in for example our stores and at contact centers.
You may have seen the relatively higher amount of provisions per FTE. This is mainly because the provisions are related to a relatively higher number of efficiency reductions than originally planned.
Let us now move on to the financial results of our international division. Revenues and other income was stable in Germany in the third quarter at 839 million. Underlying service revenue growth of 0.9% was lower than we expected at the beginning of the year when we presented to you in London. The top line growth has slowed down following increased competition in Germany in the last quarters. Eelco will further elaborate on this when covering the operating performance of Germany.
The EBITDA margin in Q3 for Germany was in line with the previous quarters at 38.5%. Compared to last year it is a couple of percentage points lower as we are seeing higher costs related to commercial investments needed to support the introduction of our new mobile propositions. In Belgium, we have again seen very strong profitable growth. Underlying service revenue growth was 9%, adjusted for 5.1% regulation impact, driven by growth in mobile data of B2B and wholesale businesses, very much in line with what we saw in previous quarters this year.
The EBITDA margin in Q3 for Belgium was 36.8% fuelled by strong underlying EBITDA growth of 17% year-on-year, which in turn is driven by the solid top line growth and continued focus on cost containment. Revenues at rest of the world decreased by 36% year-on-year due to the sale of KPN France at the end of the fourth quarter last year, and the highly competitive environment in which automobile continues to operate.
The negative EBITDA of 2 million in Q3 is a slight improvement compared to the previous quarter. As you may have seen last week, following the approval of the Dutch competition authority we announced completion of the acquisition of 4 fiber service providers in the Netherlands. This is an example of an acquisition which is at the heart of our accelerated investment strategy to strengthen our domestic market positions.
In addition to that over the past years we have also continued to streamline our portfolio of businesses, making clear choices around core versus non-core businesses, always adhering to our principle of creating value. On top of the encouraging organic growth in consumer residential, the acquisition of the fiber service providers will add approximately 120,000 broadband customers. All in all, this will lead to a broadband market share of 41% and a fiber penetration level of 29%.
Our product offering for the business segment has been strengthened by two acquisitions bringing portfolio improvements much to the benefit of our customers. We have also successfully divested part of our non-core assets in order to focus on our core footprint and most profitable businesses. The divestments of the four Getronics subsidiaries like Getronics International, and selling part of our mobile towers in the Netherlands are a testament to that.
With this, I would like to hand back to Eelco.
Eelco Blok
Thank you, Eric. Let us now look at consumer mobile. Mobile service revenues were down 10% year-on-year as lower traffic and a 3% regulation impact were only partly offset by higher committed revenues. This quarter the retail postpaid net adds were at minus 14000. This is mainly due to aggressive promotions by competition following our Hi and Telfort portfolio launches in the second quarter.
Furthermore, our commercial spending was relatively low in Q3. To improve the net adds trend we have increased commercial activity again in the last weeks of September. The postpaid retail ARPU remained under pressure at 34 euros, partly driven by increasing SIM-only subscriptions within the mix and lower traffic. The committed ARPU percentage was up by seven percent points year-on-year to around 66% as new propositions are now being launched for old rents.
Our distribution footprint has again been strengthened in the third quarter by opening multibrand stores and XL shops. All in all, the total Dutch service revenue market share remained relatively stable over the last quarters around 44% to 45%.
We are seeing encouraging trends in consumer residential. Both TV as well as fiber continued to show positive developments leading to an uptake of 63,000 triple play customers in Q3. Total triple play packages are now at 816,000, an increase of 34% year-on-year. This led to average revenue generating units per customer of more than two.
IPTV growth with 88,000 net adds for the quarter led to a TV market share of 20%, 3 percent points higher compared to the same period last year. We took another step to improve our market leading IPTV proposition by introducing IPTV on the smartphone. Another encouraging development is an improving broadband customer base trend. We have shown organic growth in the customer base for the first time in several years. As a result, the broadband market share is stabilizing around 39%.
We were able to grow the broadband customer base, while at the same time slightly increase the average ARPU per customer. As mentioned by Eric, the acquisition of the four fiber ISPs brings our broadband market share to 41%. The performance in our fiber areas remain strong with the highest organic number of quarterly Fiber-to-the-Home activation to date. The increase of 34,000 activations this quarter led to almost 200,000 homes activated at the end of the third quarter. The growing Fiber-to-the-Home customer base is supporting the take-up of high-value propositions.
Our fiber penetration level increased to 18%, showing a 7 percent point improvement year-on-year. Including the 120,000 customers from the acquired service providers will bring the penetration further up to 29%. The rollout of Fiber-to-the-Home continued at a good rate reaching well over 1 million homes passed in KPN areas.
Let us now move onto the operating review of mobile international. In Germany, the increased price competition resulted in a slowdown of service revenue growth. Postpaid net adds remained at a high level driven by the continued successful rollout of all-net flat propositions introduced in Q2. However, the growth from higher postpaid net adds is being offset by customers optimizing their tariffs plans.
Prepaid net adds of 284,000 increased quarter-on-quarter, but are still below the 2011 level. The main reasons were increased competition in the ethnic segment, and a value focus on customer acquisition. E-Plus' market share and service revenues remained relatively stable at 15.9%, supported by continued data service revenue growth of 40% year-on-year.
Customers in Germany are increasingly looking for opportunities to reduce their costs and improve their tariffs. As a result, in recent quarters all network operators have introduced new tariff plans with a strong price focus in both the postpaid as well as the prepaid market.
In the postpaid market, high-value customers are trading down in tariff plans offsetting the growth from new customers. In the prepaid market competition has mainly increased in the ethnic segment, while we have seen aggressively priced new entrants in the market. As a challenger, E-Plus has adjusted to this trend by the introduction of new base tariffs earlier in the year, and attractively priced all-net flat postpaid propositions in Q2, leading to a higher level of postpaid net adds.
Together with our partners, new prepaid propositions have been launched to capture data growth in the wholesale markets. At the same time, the roll-out of our high-speed data network is on track to support further growth in data revenues.
Belgium continued to show strong underlying service revenue growth of 9%. Like in previous quarters, the strong service revenue growth was driven by B2B, wholesale and data. We expect to have grown our service revenue market share to 20%. Postpaid net adds were 3000 negative this quarter due to higher churn caused by increased competition in the market for both business to consumer and business to business.
Prepaid net adds corrected for clean-up grew to 234,000. The prepaid clean-up contained the disconnection of 930,000 expired SIM cards leading to negative prepaid net adds of 696,000 in Q3. Several commercial initiatives were launched this quarter as a countermeasure to maintain price leadership in the market. For instance, Jim Mobile as well as the BASE portfolio were revamped. Besides introducing new commercial initiatives, we have made further investments in our network and are on track with the roll-out of high-speed data.
In my concluding remarks, I would like to again highlight the following. We have seen some mixed operational performances across the group in Q3. On the one hand, we are seeing encouraging trends in consumer residential such as a growing broadband customer base and strong IPTV and Fiber-to-the-Home net adds. Our TV market share increased to 20%, supporting a further take-up of triple play packages, while the fiber penetration level increased to 18%, and as a result the broadband market share is stabilizing around 39%.
On the other hand, we face conditions of increased competition in our mobile markets. The total Dutch mobile service revenue market share remained relatively stable around 44% to 45% in a competitive environment. In Germany, the increased competition on price has resulted in a slowdown of service revenue growth as the growth from higher postpaid net adds is offset by customers optimizing their subscriptions.
While Belgium continued to show strong underlying service revenue growth of 9%. All in all, we are on track to realize our 2012 outlook.
With this, I would like to open the floor for Q&A. Thank you.
Question-and-Answer Session
(Operator instructions) The first question is coming up from Mr. Akhil Dattani, JP Morgan. Go ahead please.
Akhil Dattani – JP Morgan
Yes, hi. Good morning. Akhil from JP Morgan. Just two questions please, firstly just be interested in a bit more color on your comments on the Dutch mobile market. You started by saying that competitions picked up a bit, so I guess I will be interested to understand who's driving that, wherever you are seeing the pressure, and adding to that you said that commercial spend from yourself would pick up in Q4, so could you maybe just help us understand whether you think trends will improve or deteriorate into Q4, and just a bit more color around the outlook there.
And then secondly on Reggefiber, I guess just keen to understand a bit better how you think about the impact of that on your net debt once we get to 2014, which is when you will be consolidating that asset. I guess in terms of helping us with that, maybe you could walk us through the debt moving part, specifically where the debt was at the end of 2011, what you see happening to that debt profile in the next couple of years, and I guess also with that what are the final costs of buying out the Reggeborgh equity minorities out of that period as well, that will be very useful. Thank you.
Eelco Blok
Okay. I will start by answering the first question and then Eric will take the second set of questions. On Dutch mobile, both Vodaphone and T-Mobile, after we have introduced our new propositions in the second quarter have increased their marketing spend and have also increased their promotional actions. And we have only taken actions on this response of the other M&Os in the Netherlands in the second part of the last month of the third quarter to be able to accelerate the growth of net adds again, and we expect the results coming up in the fourth quarter.
We don't expect trends to worsening, but as I said competitiveness has increased in the Dutch market and we have responded to that. Eric, maybe you can take the second question on debt.
Eric Hageman
Yes, sure. I think let me start by saying that we are very happy with the progress that we are making. On the one hand, I think we are very much on track with making sure that the right numbers of homes get passed, but more importantly that the activations are picking up, and in that light obviously also the inorganic approval that we got from the competition authority is – has extremely helpful – extremely helpful to us.
Just on the net debt implications, Akhil, most part of the options are exercisable in 2014 and 2017. We put out a clear document on that on the 11 of November, if I recall correctly last year. In essence, if you look at the combination of the Capex that we put in, the shareholder allowances are within the business, plus the payments for exercising the options, you are looking at an impact of around 0.15% to 0.2% on net debt to EBITDA, and that is by 2014. So exercising option one and exercising option two that is what we have been talking about, and this is what the impact would be.
Akhil Dattani – JP Morgan
Great. If I could just follow up on that last point from Eric, and would you happen to be able to give us some rough color in terms of the absolute net debt increase, because I appreciate there is some EBITDA contribution as well, but just so we can understand how you get to the 0.2, and then I guess adding to that just as a kind of broader point to that at the moment as you said slightly outside of your leverage range, you are saying that this would take that a little bit higher, so I guess just interested in how you are thinking about the whole balance sheet situation at the moment, is your confidence on the '13 dividend because you are quite positive on the outlook, or are there other items you also need to consider here?
Eric Hageman
So, two questions, let me then first answer the question on the debt, so you will understand that number a bit better. So the 0.15% to 0.2%, you have to assume a debt of around 900. So if we would now consolidate that is what would be added to the number. So it is around 900 million, of which about half of it are shareholder loans, and about the other half is the current external financing that this JV has assumed. So these are lines of loans that they have received through other funding, other means than the two shareholders. So that is where the 900 comes from.
If you then look at our confidence with the outlook, in an essence what we have said is two things. One, if you look at the current performance year-to-date and if we look at what Q4 will bring, then we are very happy to confirm that, but also we put in the extra comment that we do see that the market conditions remain challenging, and if you then link that to the financial framework it is the second quarter that we are outside the self-imposed range of 2 to 2.5, and that we continue – you know, we expect that that will continue for the following quarters.
However, the main variable that is affecting this on the positive side is we typically expect more cash in the fourth quarter. This is the phasing that we always talk about that obviously will help this ratio, but there is potential yield, so some strategic investments that we have to make in the fourth quarter, which is obviously as negatively affecting that. You know, we really think that, you know, that we have taken some very good actions early this year already.
If you look at the share buyback, in January if you look at the dividend that we did in July, you know, certainly the last one that saves you around 800 million in cash. So we're quite happy that we could confirm that outlook, but also look clearly was a good commitment to our financial profile for the future.
Akhil Dattani – JP Morgan
All right. Thanks Eric.
The next question is from Mr. Hugh McCaffrey, Goldman Sachs.
Hugh McCaffrey – Goldman Sachs
Good afternoon, or good morning rather. Thanks for taking the questions, and I have two questions. Firstly, and just kind of following up around the balance sheet there are two levers really there in terms of capital allocation, just cutting the dividend potentially and lower capital intensity, so can you just talk about how you see capital intensity evolving in the business over the next year or two, and then secondly just in terms of migration to [new firms] in the Netherlands, and SMS volumes are still very negative, and how far along in the migration do you feel like you are, and when do you think that that kind of decline in SMS volumes is likely to stop?
Eelco Blok
On Capex intensity, as you know the customer driven investments in the Netherlands will continue to be high in line with our accelerated investment strategy, and Capex in 2012. As a result of our accelerated investment strategy, we'll be in the upper end of the outlook range of 2 to 2.2, and in 2013, it is well not expected to have a lower Capex level than in 2012 as a result of the continued investment strategy that we have implemented.
So that is on Capex. Then on where we are on the mobile trends in the Netherlands, we see a continued migration to the new tariff plans at the end of the third quarter. We were at a 66% level of committed ARPU, and while we still have a part of our base in the old tariff plans, we need another year to fully migrate the customer base to the new tariff plans and we foresee a see an increase of committed ARPU over the next period.
Hugh McCaffrey – Goldman Sachs
That is clear. Thanks.
The next question is from Mr. Nick Lyall, UBS. Go ahead sir.
Nick Lyall – UBS
Hi, morning. It is Nick, UBS. Can I just ask you a couple please, on the – have you seen any rise in [Ziggo] marketing spend into the fourth quarter because it sounded like their spending levels were quite depressed in Q3. So is that maybe a bit of a risk to some of the fixed trends in the fourth quarter. And then secondly, back to the debt question, you have mentioned self-imposed targets, can you just discuss how the credit rating agencies look at you being with or above your ceiling of debt for the time being as well. Thanks.
Eelco Blok
Eric will take the second question on the credit rating. On [Ziggo], well, it is up for [Ziggo] to answer that question. We are convinced that our current strategy that we have started to execute on last year is resulting in positive trends in this part of our business. As I have said, a growing broadband customer base for the first time in several years, stabilizing our market share at 39%, and increased continued growth of IPTV and Fiber-to-the-Home net adds, and we will not make any changes to this seriously because we are convinced that this will bring the results we need.
So and well we have to see what competition will do in the fourth quarter, but we will do everything to continue the extent we have put in place, our broadband market share, including customers of the small acquisitions is now at 41% on IPTV. On TV, our market share has grown to 20%, it's growing 1% per quarter, and in Fiber-to-the-Home the penetration increased to 18%, 7% points higher than one year ago, and including the customers, the fiber customers of the acquired ISPs, the penetration of Fiber-to-the-Home will increase to 29%.
Eric Hageman
On the discussions with the rating agencies, well let me I think first and foremost say that we cannot speak on behalf of them. It is obviously up to them to do their own analysis and assessment, but needless to say we are in very close contact with them. So we have regular updates also before the Q results. They know the exact details of our business plan, including the potential for the strategic investments. I think fiber and think for example spectrum, and what is clear from our conversations during the year is that some of the actions that we have taken like stopping the share buyback and taking the dividend down you know, have been very credit positive for them.
I think what they also understand and, you know, we've talked about it also in January is if there is a justified reason why you are outside the band then that is something which is – what is acceptable – and what is acceptable then is when you are investing in your business to improve your positions and that's exactly what we are doing. We also shared with them that you know, the market conditions are challenging in the coming period, but we are very confident you know, that the accelerated investment strategy will yield results in the Netherlands but also in Germany and Belgium.
I think the main point that we reiterated in our last conversation is that we take you know, a lot of comfort from many of the positive operational KPIs that we're seeing some that Eelco just mentioned. So if we look at broadband, if we look at TV, if we look at fiber you know, all of those are very positive developments. Ultimately that has to be translated into improved financial results, you know, that is what give us comfort in those discussions.
Nick Lyall – UBS
That's great, and they do give you a certain time scale to get back within the bonds or any (inaudible) or ceiling?
Eric Hageman
If you – the discussions is much broader than just at the band, that is one that we talk about to I guess also make it you know, it's a simple KPI to discuss with the outside world, but also internally with them. If you look at the Ba2 and also the BBB you know, they are giving us you know, time to really make sure that, you know, the results of the new strategy that pays off. They understand that we are in a transition period. They understand that you know, certainly in this telco climate that we are in it takes time for those investments and those decisions that we've taken to be translated into financials, but again you know, the operational KPIs give us a lot of encouragement.
Nick Lyall – UBS
Great, thank you.
The next question is coming from Mr. Dimitri Kallianiotis, Citi. Go ahead please.
Dimitri Kallianiotis - Citi
Good morning. I've got two questions please. The first one is regarding Germany, the revenue growth obviously slowing down quite significantly. I just want to get your expectation for the coming quarters, if you expect revenue growth in Germany to turn negative, even pre any regulatory impact. And then my second question was regarding the strategic investment, I understand the spectrum auction coming up soon, but apart from that do you see any gap in your portfolio in terms of assets you want to buy, as you mentioned the small fiber acquisition that you've done, that you got the approval, anything like this that you think you need to do to improve the business going forward? Thank you.
Eelco Blok
Let me start with the question on Germany. We are seeing in Germany a trend of customers optimizing their tariff plans, and increased price competition in the market. As you know, we have already started to introduce new propositions at the beginning of 2012, and we introduced our own net flat propositions in the second quarter resulting in a high number of net adds, postpaid net adds, but it is difficult to predict how long the effect of customers trading down to new tariff plans will be there, and how long we have to wait until we see the impact of the growth rates of the net adds in Germany. Also helpful is the continued rollout of our high-speed data network that is on track and that will support further growth on data in Germany.
Eric Hageman
Your question Dimitri on M&A, as always we continue to be focused on creating value whether we're buying or selling assets. From a strategic point of view, you know, we obviously look at in country consolidation first. This is also why we put in additional slides in the deck today to show to you that we continue to invest in improving oppositions in the Netherlands.
We've highlighted two small acquisitions that we've done to strengthen the portfolio in our business segment. If we see opportunities where we can also expect to get approvals from the regulation, and then we also will look at opportunities on the ISP side, which has helped our broadband market share.
So we're very happy with that but from a sort of financial impact that we're looking at, these are not big numbers, and if they are, you know, bigger numbers you know, they can easily be offset by some of the divestments that we continue to do, I think for example about you know, the dollar sales that we've been doing in the Netherlands.
Dimitri Kallianiotis – Citi
Thank you.
The next question is coming from Mr. Frederic Boulan, Nomura. Go ahead sir.
Frederic Boulan – Nomura
Hi good morning gentlemen. Two questions if I may. Firstly back on the fixed trend in Holland, good progress on broadband driven by fiber. Can you comment on the costs associated to this growth, margin seems to be holding up pretty well there as well, and also if you could comment on where the churn in market share going in the VDSL areas, and in general is there a need to expand fiber much further in the long run to secure market share, if you continue to see churn in the cooper you have even with the VDSL upgrade to 80 megabits. And secondly, sorry to come back on that question, but I'm struggling a little bit to reconcile your comments around the financial framework, and the fact that you reiterate this morning the target of growing dividend next year. So if we put some cash for spectrum even with the (inaudible) be done next year, your leverage should remain above 2.5 times, so whether it makes sense to look at reducing dividend to strengthen this balance sheet? Thanks a lot.
Eelco Blok
Let me start with the first question on the fixed trends. We are investing in this part of our business by upgrading the copper network, continued investments in fiber, and continued improvement of our IPTV product resulting in the trends you have seen in the third quarter. We are now planning to increase our investments either in the network services and the marketing and customer acquisition.
So we expect to continue the growth with the cost level that we are seeing in the third quarter. On churn, in copper areas we have implemented the hybrid strategy, Fiber-to-the-Home roll-out and upgrading the copper network to be able to offer the high-end triple play packages also to our single and dual play customers.
Given the penetration on copper of the Fiber-to-the-Curb VDSL coverage, we now are able to offer in a larger part of the country our high-end triple play services resulting in a reduction of the churn, together with the continued high growth in Fiber-to-the-Home areas, we were able to stabilize our share, and believe in one of the next quarters we can start growing again and given the results we will take positions on the balance between continued roll out of Fiber-to-the-Home and the numbers of homes passed, and focus on VDSL Fiber-to-the-Curb areas.
Eric Hageman
On the financial framework front, you know, as I said and we said during the presentation as well, we recognized that this quarter, in the second quarter that we are outside the self imposed net debt to EBIDTA range, and also that we expect that we might be outside this frame for the coming quarters. And that also mainly has to do you know, in the short-term with the potential strategic investments that we have to make. Again we have taken some firm decisions already earlier this year. I repeat that the share buyback in January and then, you know, the saving of around $800 million by taking the dividend down from $0.90 to $0.35.
Maybe another important point to make is the following. You know, there is phasing in the cash flow as we see every year. I think it will be even more phasing in this year than we have seen in previous years. You know, then we will know where we will end up the year. I think if you look at some of the steps that we've taken, I mean that's the main reason why we have $1.5 billion in cash on our balance sheet at the moment. So that's from a liquidity perspective a very healthy position to be in.
What is more, we talked about the operational KPIs, which we are very happy with, you know, at some stage that has to translate into financial results. So with that you know, we are okay with what we are currently seeing around financial framework because we can explain it but also we look with confidence at the future.
Frederic Boulan – Nomura
Okay, thanks a lot.
The next question is coming from Mr. Matthew Bloxham, Deutsche Bank. Go ahead please.
Matthew Bloxham – Deutsche Bank
Yes, hi there. Two questions, first on Germany, just wondering if you can give us a little bit more, few more numbers around the tariff optimization process, how much longer you see that happening for, how much more there is to play for, and secondly on domestic mobile, obviously we heard from [Ziggo] earlier this week that they are extending their Wi-Fi trial.
We've seen Telenet get good traction with our own Wi-Fi in Belgium, and something that Kabel Deutschland has as well in Germany. Could you just give us your perspective on the magnitude you see from that kind of cable threat into mobile, and what assets you've got that you can use to either kind of match that kind of Wi-Fi offering, or otherwise you can compensate for it, thanks.
Eelco Blok
First on Germany, customers in Germany are increasingly looking for opportunities to reduce their cost and improve their tariffs, and as a result we see that the high-value customers in the postpaid markets are trading down in their traffic plans offsetting the growth from the new customers we acquire on a level somewhat higher than 200,000 per quarter. And it is very difficult to predict how long this in fact will impact the growth rate in Germany, but we are confident that with the growth we have seen the previous quarters that we will be able to get back on our growth in Germany again.
And then I'm talking about underlying growth because you have to understand that there will be an [MTR] cut on December 1 in Germany. And then on Wi-Fi, for us of course it is important what competition is doing but it is also important what we are doing. We have Wi-Fi as part of our mobile strategy already implemented by using the KPN hotspots in the Netherlands. We are preparing our network for LTE with our investments in the network in the Netherlands and we believe that we will be able to be very competitive using old technologies that as a fixed operator we have available. So 2G, 3G, 4G, Wi-Fi and leveraging our fixed assets and fixed customer base.
Matthew Bloxham – Deutsche Bank
Okay, thanks.
The next question is coming from Mr. Luis Prota, Morgan Stanley. Go ahead sir.
Luis Prota - Morgan Stanley
Yes, thank you. Two questions please. One is on Netherlands and the mobile business, which has deteriorated a bit sequentially, but not so much on the consumer part of the business. It has been more around business mobile. So if you could elaborate a bit on the trends you are seeing there, whether it is about pricing or customers asking for discounts, competition on what could we expect would be useful. And secondly in Germany your new no-frills contract tariffs, dual phone, et cetera, were supposed to be mostly advertised through social media, no nationwide campaigns. Is this going to change now, are you planning to turn slowly, more aggressive to boost growth and if so what could be the impact on margins going into the next few quarters. Thank you.
Eelco Blok
Let me start with answering your first question. We are seeing no deterioration in the business market mobile except for a continued pressure on prices, particularly in the corporate and large business segments we see an increase in price competition, and in September we introduced new propositions. And we expect that combination of all the messages we have taken in the business market but also the consumer market that we will maintain our stable market revenue share positions combined in the range of 44% to 45%, but increased price competition in the business market and increased migration from – driven by the change of the tariff plans and the changing customer behavior and then the other question.
Can you repeat the second question, Luis, sorry.
Luis Prota - Morgan Stanley
Yes, no problem. I was asking about the dual phone no-frills contract tariff in Germany, which I seem to remember you were always saying that you were not planning to make a nationwide commercial campaign, and that was going to be supposedly to be advertised only through social media. So the question is whether this is going to change, now that you need probably to boost growth and whether this would have any impact on margins.
Eelco Blok
So Opex in Germany driven by the new propositions have increased in the recent quarters due to the higher commercial investments we had to make after the introduction of new propositions, and of course we have higher traffic costs due to the growing customer base, and for the near future we will target the margin in Germany to be somewhere in the range of 35% to 40%, and as you have seen in the third quarter we ended up with a 38.5% margin and the objective is to have a margin in the range of 35% to 40%.
Luis Prota - Morgan Stanley
Okay, thank you.
Eelco Blok
Okay everyone, thank you for joining our Q3 results conference call, and please do contact the investor relations team for any further questions. Thank you.
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