The Spanish cable operator Euskaltel is on target to gain an additional 30,000 subscribers, as well as secure around €10 million more in revenues, by the end of this year.
The latest results published by the company show that it ended Q1 with 576,800 fixed residential customers, up from 575,700 three months earlier. Its RGU total stood at 2,408,900 at the end of March, with 3.7 RGUs per subscribers and 70.3% of the total being triple or quadruple play.
The RGU total in Q4 2018 stood at 2,388,000 and in the three months to March 31 pay-TV penetration rose by 73.5%.
Euskatel’s total revenues in Q1 were €171.7 million, down 2.8% on the previous year.
Residential revenues accounted for €114.1 million of the total and were 1.8% lower than a year earlier.
