Videotron adds 42k digital cable subscribers in 4Q09
Wednesday, March 10th, 2010MONTREAL, Québec – Quebecor Inc. (“Quebecor”) [Toronto: QBR.A; QBR.B] today reported its annual and fourth quarter consolidated financial results for 2009.
Telecommunications
In Quebecor Media’s Telecommunications segment, Videotron is the largest cable operator in Québec and the third largest in Canada by customer base. Its state-of-the-art network passes 2,575,300 homes and serves approximately 1,967,500 customers. At December 31, 2009, Vidéotron had 1,777,000 cable television customers, including 1,084,100 subscribers to its illico Digital TV service.
Customer statistics – Cable television
The combined customer base for all of Videotron’s cable television services increased by 61,400 (3.6%) in 2009, compared with increases of 77,500 and 65,700 in 2008 and 2007 respectively. In the fourth quarter of 2009, Videotron recorded combined customer growth for its cable television services for the 18th consecutive quarter, i.e., since the end of the second quarter of 2005. As of December 31, 2009, Videotron had 1,777,000 customers for its cable television services for a household penetration rate of 69.0% (number of subscribers as a proportion of total homes passed by Videotron’s network, i.e., 2,575,300 homes as of the end of December 2009), compared with 67.5% a year earlier.
- The customer base for illico Digital TV stood at 1,084,100 at the end of 2009, an increase of 156,800 (16.9%) during the year, compared with 159,100 and 144,600 in 2008 and 2007 respectively. As of December 31, 2009, illico Digital TV had a household penetration rate of 42.1% versus 36.5% a year earlier.
- Migration from analog to digital service was the main reason for the 95,400 (-12.1%) decrease in subscribers in the customer base for analog cable television services in 2009. By comparison, the number of subscribers to analog cable services decreased by 81,600 and 78,900 in 2008 and 2007 respectively.
Operating Results (‘000):
2009 2008 ------------------------------ ------ Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 ------ ------ ------ ------ ------ Homes Passed 2,575 2,574 2,563 2,552 2,543 Basic Subscribers 1,777 1,760 1,733 1,729 1,716 Extended Tier Subscribers 1,565 1,542 1,510 1,503 1,484 Digital Set-Top Boxes 1,484 1,400 1,317 1,271 1,210 Digital Subscribers 1,084 1,042 990 963 927
Cable television year-end customer numbers, 2005-2009 (thousands):
2009 2008 2007 2006 2005 ------- ------- ------- ------- ------- Analog 692.9 788.3 869.9 948.8 1,031.5 Digital 1,084.1 927.3 768.2 623.6 474.6 ------- ------- ------- ------- ------- Total 1,777.0 1,715.6 1,638.1 1,572.4 1,506.1
More: Earnings Release
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