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Economic woes hit Cabovisão

April 11, 2011 10.50 Europe/London By Julian Clover

Portugal’s parlous economic state continues to be a worry for cableco Cabovisão and its Canadian parent Cogeco.

In the six months to February 2011, the company lost subscribers, though managed to increase the number of services taken by the installed base. “Economic conditions in Portugal continued to be difficult, and Management has not yet detected clear signs of a sustained economic recovery. Consequently, Cogeco Cable continues to closely control costs and is focusing on generating RGU growth in the near term,” the company said in a statement.

Homes connected slipped to 268,721 from 269,194, which RGUs rose to 853,090 from 828,772 in August 2010. Digital TV saw the most growth, ending the six-monthly period at 175,803.

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Filed Under: Cable, Finance, Newsline Tagged With: Cabovisao Edited: 11 April 2011 10:50

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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