Spain’s Euskaltel Group, which comprises the Euskaltel, R and Telecable brands, gained 21,669 new TV subscribers in 2019.
This, according to the company in its latest set of results, was thanks to its 4K decoder and inclusion of access to the most requested OTT platforms and services by users from the remote control.
As of the end of last year, the group’s TV penetration was almost 80% of its customer base.
Euskaltel Group had 669,671 fixed network customers at the end of 2019, or 8,757 more than a year earlier.
Q4 marked the fifth consecutive quarter of customer growth following the loss of users in the two previous years.
Although Euskaltel Group’s revenues were 0.9% lower in 2019 than the previous year, its EBITDA was 2.4% higher and it closed the year with a profit of €62 million.
Euskaltel Group notes that it will be able to access over 18 million homes in Spain in the first half of this year, including its local markets, using its own network or through wholesale agreements.
It will present its national expansion business plan on March 10.
