From David Del Valle in Madrid
The future of the Spain’s largest pay-TV platform, Digital Plus, looks in doubt as subscriber numbers fall. The company, owned by Sogecable, controlled in turn by Prisa Group, lost 148,000 subscribers in the last 12 months with 70,000 of them in the second quarter of the year.
The platform ended June with 1.93 million subs against 2.078 million at the end of the first half of 2008, down 7.5 per cent. The ARPU fell by 4.61 per cent from E43.3 to 41.3 with revenues down 10.7 per cent up to E529 million.
This is a new setback to Prisa in its attempt to sell the company for around E2.5 billion in order to tackle its debt of more than E5 billion.