Unitymedia adds 61k digital cable subscribers in 4Q09
Wednesday, March 17th, 2010COLOGNE — Unitymedia, the second largest cable operator in Germany and an indirectly owned subsidiary of Liberty Global, Inc., today announced results for the financial year and quarter ended December 31, 2009.
Unitymedia Cable Business Review
The Digital TV Pay business continued to show underlying organic growth, offset by churn from customers subscribing to former Bundesliga packages, which was discontinued on June 30, 2009. The Company expects Bundesliga related churn to have largely occurred in 2009 with no meaningful churn expected going forward. Digitisation of its basic cable subscriber base stood at 30% at year-end, as Unitymedia continues on its strategy to migrate customers from analogue to digital access and to upsell premium content to its digital base.
Unitymedia launched a number of new products and enhanced services in 2009. On July 1, the Company launched a rebranded suite of genre based Pay TV packages, adding a fourth “Lifestyle” oriented pay TV package and including additional premium channels such as Discovery and Animal Planet to its existing packages. In its broadband business and in line with its strategy to be the speed leader, Unitymedia started offering Internet services with download speeds of up to 120 MB/s in the cities of Aachen and Cologne as of November 2009. Under Liberty Global ownership, the Company is seeking to accelerate Docsis 3.0 and HD roll-outs.
Year ended Dec. 31, Quarter ended ------------------- 2009/2008 Sept. 30, (in '000s unless otherwise stated) 2009 2008 2007 YoY Change 2009 ----- ----- ----- ---------- ------------- Subscribers Analogue Basic Cable 3,161 3,391 3,973 -7% 3,247 Digital Basic Cable 1,362 1,228 789 11% 1,301 Total Basic Cable Subscribers 4,523 4,619 4,762 4,547 New Services RGUs Digital TV Pay 491 568 456 -14% 470 Penetration Digital in % of BCS 30% 27% 17% 4pp 29%
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