Ono stabilises base, grows revenue and profit in tough conditions

Cable operator Ono stabilised its customer base and grew its revenues and EBITDA in the first quarter, despite tough economic conditions in Spain.

Ono ended the quarter with 4.387 million revenue-generating units, up 0.1% year-on-year. The company said that over 60% of its base with access to its fibre network could now sign up to its TiVo advanced TV service. Ono said that 85% of its base now took at least two services, while 40% took a triple-play package. ARPU reached €52.10, up from €51 a year earlier.

Ono grew its internet base by 1.5%, with about 530,000 customers, or 37% of the total, taking high-speed internet services of 30, 50 and 100Mbps. Ono now has 1.79 million residential fibre subscribers, with 1.428 million internet customers, 906,000 TV customers and 1.697 million telephony customers.

Ono posted revenues of €383 million, up 5%, and EBITDA of €186 million, up 4%.