Spanish cable operator Ono increased its revenue during the second quarter as more customers take multi-play services, despite the number of TV subscribers declining.
Onos TV subscriber base decreased by 4,000 in the quarter, reaching 966,000 at the end of June. Ono blamed Âthe difficult macroeconomic environment that is forcing some customers to drop the service to conserve disposable incomesÂ. It has also stopped offering TV services on a standalone basis. OnoÂs total cable customer base stood at 1.821m, down slightly from 1.835m a year earlier. However, the number of RGUs reached 4.004m, up from 3.940m. The operator increased its broadband subscriber base by 4.1% to 1.356m and telephony customers increased 2.1% to 1.682m. As a proportion of the total customer base, 37.2% took a triple-play bundle at the end of June, up from 36.4% at the end of March.
Ono’s revenuesÂ were downÂ 3.2% year-on-year to Â368m, of which Â291m came from residential cable customers. EBITDA was down 2% to Â176m.
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21 October 2020 @ 12:30:00 UTC