ONO hoping for strong TiVo uptake as economy hits results

Spanish cable operator ONO has pre-registered 32,000 customers for its TiVo service, which was soft-launched last month.

ONO will roll out the TiVo service across its networks in the coming quarters. The company will be hoping that TiVo will provide a strong marketing tool for its TV services after a difficult third quarter. The company saw a quarter-on-quarter decline of 7,000 residential revenue-generating units for the three months to the end of September, taking its total to 4.245 million. The company’s residential RGU base grew by 2.5% year-on-year.

ONO had 1.813 million customers on its fibre network at the end of September, down 0.3% quarter-on-quarter and up 0.2% year-on-year. ARPU per customer grew year-on-year from €50.80 to €51.70 but churn also grew – from 15.1% to 16.7%.

Internet customers stood at 1.42 million, up 0.4% quarter-on-quarter and 4.4% year-on-year. TV customers stood at 939,000, down 1.3% quarter-on-quarter and down 0.9% year-on-year.

ONO posted revenues of €371 million for the quarter, up 2.5% year-on-year. EBITDA was €191 million, up 2.8%.
The company noted that Spain’s telecoms sector had continued to show weakness during the quarter. It said it had achieved a good set of operating results given the very difficult and volatile market environment.

Tags: ONO, Spain, TiVo