Ono sees some TiVo progress

Spanish cable operator Ono attracted 22,000 TiVo customers during the third quarter, taking the total number of subscribers to its next-generation service to 56,000.

Ono launched TiVo in October 2011 and the platform is now being taken by 6% of the operator’s TV subscriber base.

“Although this product has been launched fairly recently, we believe there are signs of positive market acceptance as showcased by the positive momentum in customer acquisitions, the low churn levels and the excellent satisfaction metrics,” Ono said in a statement,

Ono’s TV subscriber base declined by 15,000 in the third quarter, meaning the operator ended September with a total of 882,000 TV customers. The operator has lost 57,000 TV subs in 12 months. The number of fibre customers declined to 3,974,000 from 4,070,000 a year earlier.

Despite losing TV customers, Ono has seen success with its bundling propositions and 85% of its subscribers now take more than one service, with each customer taking an average of 2.26 services.

The operator reported third quarter revenues of €392 million, up 5.5% year-on-year. EBITDA remained stable at €189 million.

Tags: ONO, Spain

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