ONO E8m profit in the first quarter

From David Del Valle in Madrid

Spain’s largest cable company ONO reported a profit of E8 million for the quarter against a E13 million loss for the same period last year. EBITDA amounted to E164 million, up 10.6 per cent, with total revenues reaching E400 million, 75 per cent of them from the residential business. The ARPU grew by 1.2 per cent up to E52.

ONO ended the quarter with 1.8 million residential clients, up 3.5 per cent, with 604,000 clients taking triple play, 32 per cent of the total. The company increased by 10.8 per cent its broadband customers to 1.24 million, 2.2 per cent up for telephony to 1.61 million , and up 11 per cent for TV subs to 1.01 million capturing 51,000 new TV subscribers in the first quarter.

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