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TiVo Spanish success continues

July 25, 2013 09.15 Europe/London By Chris Dziadul

ono-hqOno ended the second quarter with over 210,000 customers, or one quarter of its pay-TV subscriber base, receiving TiVo.

The Spanish cable operator had net revenues of €401 million in the quarter, or 3% more than in the corresponding period last year.

Its EBITDA meanwhile amounted to €178 million, compared to €182 million a year earlier, despite the macro economic and price pressures.

At the same time, its total net debt fell by 2.7% year-on-year to €3.417 million.

Ono remained the leading provider of high speed internet in Spain, with 50% of its customers subscribing to high speeds at the end of Q2.

The mobile penetration rate stood at 24%, equivalent to over 756,000 customers.

Ono launched TiVo in October 2001 and is was effectively available across its entire network as of the end of last year.

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Filed Under: Cable, Newsline, Platforms Tagged With: ONO, Spain Edited: 25 July 2013 09:15

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