SureWest Video RGUs down 100 in 4Q09
Thursday, February 25th, 2010ROSEVILLE, Calif. — SureWest Communications (Nasdaq: SURW) today announced operating results for the fourth quarter and full year ended December 31, 2009.
Steve Oldham, SureWest’s president and chief executive officer, said, “Our new video service, Advanced Digital TV, has created an exciting buzz among both fiber and copper network customers in the Sacramento region due to its compelling features, such as Whole Home DVR, lightning-fast channel change times and an intuitive program guide. In Kansas City, improvements to the network in 2010 will allow us to add more HD channels and deliver faster Internet speeds.”
As previously announced, SureWest’s video service is expanding to reach over 25,000 existing voice and data marketable ILEC homes on the Sacramento copper network, creating the ability to deliver a new IP-based triple-play option to these potential customers. The first 15,000 homes receiving SureWest’s extended video became available in January 2010 and the second phase of over 10,000 homes will become available throughout the second quarter of 2010.
SureWest Operating Metrics – Broadband, Residential Video:
As of and for the quarter ended -------------------------------------- 3/31/ 6/30/ 9/30/ 12/31/ 2008 2008 2008 2008 -------- -------- -------- -------- Marketable Homes - Fiber & HFC (2) 211,000 217,700 221,700 232,400 RGUs - Fiber & HFC 52,500 54,500 55,900 57,500 Qtrly change 800 2,000 1,400 1,600 YoY (% change) 6% 9% 10% 11% RGUs - Copper 2,700 2,600 2,600 2,600 Qtrly change (200) (100) 0 0 YoY (% change) -13% -10% -13% -10% Penetration - Fiber & HFC 24.9% 25.0% 25.2% 24.7% ARPU $63 $62 $59 $59 As of and for the quarter ended -------------------------------------- 3/31/ 6/30/ 9/30/ 12/31/ 2009 2009 2009 2009 -------- -------- -------- -------- Marketable Homes - Fiber & HFC (2) 236,500 239,800 240,000 240,500 RGUs - Fiber & HFC 57,600 56,900 57,000 56,900 Qtrly change 100 (700) 100 (100) YoY (% change) 10% 4% 2% -1% RGUs - Copper 2,400 2,200 2,200 2,200 Qtrly change (200) (200) 0 0 YoY (% change) -11% -15% -15% -15% Penetration - Fiber & HFC 24.4% 23.7% 23.8% 23.7% ARPU $65 $67 $66 $68
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