Portugal’s cable market continues to be “extremely competitive” but is stabilising, according to Louis Audet, CEO of Cogeco, the Canadian cable operator that owns CabovisÃ£o.
The performance of the Portuguese cable operator improved in the third quarter of CocegcoÂs fiscal 2010 year with the addition of 27,680 RGUs, giving it a total of 808,176 at the end of May. The number of basic cable service customers grew by 498 compared to a loss of 11,394 customers in the comparable period of the prior year. The number of digital TV customers was up 16,779 quarter-on-quarter to 147,835. Cogeco said the growth was down to retention strategies implemented last year.
CabovisÃ£o revenues reached US$43.6m (Â34.4m), down 24.2% year-on-year.
Cogeco reported total third quarter revenues of US$319.3m, up 4.5% year-on-year.
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