The Canadian cable operator Cogeco has warned that the current market downturn in the motor industry could impact on its Portuguese operations.
The Cogeco-owned Cabovisão is centred on Palmela, where the local car industry is a significant local employer. “The sharp downturn experienced by the automobile industry in recent months may have an adverse impact on the level of economic activity and consumer expenditures on goods and services within those communities,” the company warned in a statement. However, it believes the cable sector will continue to hold up, as has been the case in previous recessions.
Revenue Generating Units (RGUs) dipped to 712,217 as of November 30, 2008 compared to 724,966 at the end of the previous quarter. Pay-TV subscribers edged up slightly to 59,398, as did the newly introduced digital TV service that was available to 29,849 homes.
