Cable TV

Virgin Media reports lowest cable customer churn in Q3-2014

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/11/20/cable%20MSO.jpg?itok=ad8maLuB

 BENGALURU:  Virgin Media Inc (Virgin Media), a wholly-owned subsidiary of Liberty Global plc (Liberty Global) and a leading cable operator in the United Kingdom (UK) reported lowest ever annual customer churn in Q3-2014 (Quarter  ended 30 September 2014), since Virgin Media was formed in 2007 at 14.9 per cent as compared to a churn of 15.3 per cent in Q3-2013. This churn record has contributed to cable customer growth more than doubling to 35,000, the highest quarterly customer additions since Q4 2012, says the company.

Note: Currency mentioned in this report is ? or British Pound

The company?s selected results for Q3-2014 say, ?The number of subscribers to each of our cable products increased, with 88,000 organic RGUs (revenue generating units) added y-t-d (nine month period ended 30 September 2014 or 9M-2014) , including  70,000 in Q3, compared to declines of 16,000 and 7,000 in the respective prior year periods. This can be partially attributed to the successful launch of our "Big Bundles" in Q2 2014, which offer combinations of our cable products and resulted in the acquisition of more double- and triple-play customers than during the same period last year. Average Monthly Revenue per Customer Relationship increased 2 per cent to ? 48.98 year-over-year.?

Virgin Media reported 2.3 per cent growth in revenue in Q3-2014 at ? 1046.8 million from ? 1022.8 million in Q3-2013. 9M-2014 revenue grew 1.7 per cent to ? 3145 million from ? 3092 million in 9M-2013.

Four segments contribute to Virgin Media?s revenues ? ?Cable Subscription?, ?Mobile Subscription?, ?Business? and ?Other?

Television subscription revenue in Q3-2014 fell 3.3 per cent to ? 234.7 million from ? 242.6 million in Q3-2013. Y-t-d, television subscription revenue fell 1.5 per cent to ? 717.9 million from ? 728.6 million in 9M-2013.

Overall cable subscription revenue includes revenue from television, internet and telephony. Cable subscription revenue for the quarter grew 3 per cent to ? 724.5 million form ? 703.6 million in Q3-2013. Within cable subscription, internet revenue grew 19.8 per cent to ? 259.8 million in Q3-2014 from ? 216.9 million in Q3-2014. Telephony subscription revenue fell 5.8 per cent to ? 230 million in Q3-2014 from ? 244.1 million in Q3-2014.

For 9M-2014, cable subscription revenue increased 3.3 per cent to ? 2188.9 million from ? 2119.0 million in 9M-2013. Internet revenue in 9M-2014 grew 16.2 per cent to ? 756.2 million from ? 650.7 million in 9M-2013. Telephony revenue for 9M-2014 fell 3.4 per cent to ? 714.8 million from ? 739.7 million in 9M-2013.

Virgin Media says that it is the first provider of all four broadband, TV, mobile phone and home phone services in the UK. The Company?s cable network - the result of multi-billion pound private investment - delivers ultrafast broadband to over half of all U.K. homes, with speeds of up to 152 Mbps, as well as market-leading connectivity to thousands of public and private sector organisations across the country.

Virgin Media says that it has developed UK?s most advanced interactive television service, and was the first to offer HD TV and access to connected services through the set-top box to millions of British households. It also launched the world?s first virtual mobile network and is one of the largest fixed-line home phone providers in the country.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/11/gtpl.jpg?itok=Ab3NPOIV
GTPL Hathway revenue up for Q1

Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) reported 15.7 per cent increase in total income for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding year-ago quarter  (y-o-y) Q1 2018.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/04/Jio.jpg?itok=rZUvEat1
Jio & Hathway continue to lead wireless and wired Internet subs growth in 2018

India witnessed 1.74 percent growth in broadband internet customers in the month of April 2018 (Apr-18, month under review) according Telecom Regulatory Authority of India (TRAI) data for the month ended 30 April 2018. Hence, 71.90 lakh (7.19 million, 0.719 crore) broadband subscribers were added...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/03/hathway.jpg?itok=ia1s4x4_
Hathway ropes in Sitendu Nagchaudhuri as new CFO

Leading cable operator Hathway Cable and Datacom Ltd has appointed Sitendu Nagchaudhuri as the new chief financial officer (CFO). The fellow chartered accountant?s experience in the field of corporate finance, commercial and strategy leadership spans over 27 years.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/22/mike.jpg?itok=d6c4AxlX
Sony to bring Pictures, TV division under one roof

Sony Pictures TV is set to merge international TV operations to bring its television networks, home entertainment and distribution businesses together. This shuffle may lead to some job cuts, with many senior executives from Sony having already departed.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/19/en.jpg?itok=seVAZMpN
DEN Network fixed-line b?band biz plan hinges on partnerships & leveraging present infra

MUMBAI: With telcos handing out data at cheap rates in various package sizes under innovative schemes, mobile data consumption has increased rapidly in India in the last few years, while the growth of fixed-line broadband (FLBB) users has been tepid, if not completely static. MSO DEN Networks now...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/15/den.jpg?itok=MgrBAraC
DEN aims to convert 10% of SD subscribers to HD in a year

DEN Networks CEO SN Sharma has set a target of converting 10 per cent of its standard definition (SD) subscribers to high definition (HD) within a year.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/15/gtpl.jpg?itok=UXtKUTNt
GTPL Hathway appoints Viren Thakkar as new chief financial officer

GTPL Hathway , one of the major players in the Indian cable TV and broadband industry, has appointed Viren Thakkar as chief financial officer of the company. The appointment ,which will come into effect from 2nd July, was posted on the Bombay Stock Exchange (BSE) website.

Cable TV People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/13/hathway.jpg?itok=d7ITpv1s
Hathway plans to seed 2.5 lakh high definition set top boxes in FY19

Going along the lines of FY18, broadband and cable TV service provider Hathway Cable and Datacom is planning a Capex of Rs 310 crore in FY19. In addition to that, it plans to seed 2.5 lakh high definition (HD) set top boxes (STB) in FY19. The company had 2.16 lakh HD subscribers at the end of March...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/06/05/gtpl.jpg?itok=pDk34haZ
Jayanta Pani Resigns as CFO of GTPL Hathway

Jayanta Pani chief financial officer (CFO) of GTPL Hathway has decided to part ways with the company. Pani's last working day at GTPL, where he joined in November 2008, will be 30th June.

Cable TV People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories