Spain’s ONO E186m loss
November 20, 2007
From David Del Valle in Madrid
Spain’s largest cable company ONO has declared a loss of E186 million in the first nine months of the year as a result of the extra costs for the acquisition of its former rival Auna. However it achieved well EBITDA of E480 million, up 17.8 per cent, and with a margin of 42.5 per cent. To September, its total revenues dropped by 1.1 per cent up to E1.216 billion.
At the end of September, ONO had 1,830,000 residential subs, up 4.5 per cent, of which 582,000 enjoyed the triple play, representing 32 per cent. Broadband is the main driving force with new 174,000 clients, up 17.7 per cent, over the last 12 months reaching a total of 1.16 million. The company has extended its homes passed by 335,000 up to 6.67 million, with 456,000 new passed homes over the last 12 months, up 7.3 per cent.