Ono loses TV subscribers, wins on high-speed internet

Spanish cable operator Ono continued to see the number of TV subscribers dwindle in its latest financial results. The company recorded 947,872 TV subscribers as part of its third quarter results, down from 966,300 in its second quarter and 970,000 in the first three months of the year. The company attributed the decline to Spain’s difficult economic circumstances.

However, the company’s revenue generating units base increased by 93,000 year-on-year to 4.142 million, up 2.3%. Triple-play penetration stood at 37.8% at the end of the quarter. ARPU rose by 1.4% year-on-year to €50.80. Ono also scored a success with its high-speed DOCSIS 3.0-based internet services, signing up 40,000 customers by the end of September.

This comes as overall revenue fell by 2.5% to €362 million compared to €371 million last year, However, the operator increased net profit by 1.7% to €15 million, while EBITDA also rose by 4.4% to €186 million.