Spain: ONO’s profits up, subs, ARPU down
November 18, 2009
From David Del Valle in Madrid
For the nine month period to September Spain’s largest cable company declared a net profit of E41 million, up 144.7 per cent, with an EBITDA of E541 million, up 3.5 per cent year on year. But revenues fell by 5.1 per cent to E1,140 million, with subscriptions also dropping by 2.7 per cent up to 1,819,000 and ARPU going from E52.4 to E50.2.
The highest fall was in pay-TV subscribers, down 7.6 per cent, with the company losing 80,000 on the year and 14,000 in the third quarter down to 977,000 subs. In telephony, ONO increased customers by 1.5 per cent and 2.4 per cent for broadband adding 31,000 new clients.