Quebecor (Videotron) reports consolidated results for second quarter 2008

Tuesday, August 5th, 2008
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MONTREAL, Québec – Quebecor (Toronto: QBR.A; QBR.B)’s consolidated revenues from continuing operations increased by $127.0 million (15.6%) to $942.3 million in the second quarter of 2008.

Cable television

The combined customer base for all of Vidéotron’s cable television services increased by 7,800 (0.5%) in the second quarter of 2008 (compared with an increase of 1,800 in the same quarter of 2007) and by 75,500 (4.8%) in the 12-month period ended June 30, 2008. As of June 30, 2008, the Cable segment had 1,660,000 customers for its cable television services, for a household penetration rate (number of subscribers as a proportion of total homes passed by the Cable segment’s network, i.e., 2,519,700 homes as of the end of June 2008) of 65.9%, compared with 64.0% one year earlier.

  • The number of subscribers to illico Digital TV stood at 830,500 at the end of the second quarter of 2008, overtaking the number of subscribers to the analog cable television service for the first time. illico Digital TV recorded a quarter-over-quarter customer increase of 27,700 (3.5%) in the second quarter of 2008 (compared with an increase of 26,200 customers in the second quarter of 2007) and a year-over-year increase of 151,400 (22.3%). As of June 30, 2008, illico Digital TV had a household penetration rate of 33.0% versus 27.4% a year earlier.
  • The customer base for analog cable television services decreased by 19,900 (-2.3%) in the second quarter of 2008 (compared with a decrease of 24,400 customers in the same quarter of 2007) and by 75,900 (-8.4%) over a one-year period, primarily as a result of customer migration to illico Digital TV.

Cable television end-of-quarter customer numbers (in thousands):

            June 08  March 08   Dec. 07  Sept. 07   June 07  March 07   Dec. 06
           --------  --------  --------  --------  --------  --------  --------
Analog        829.5     849.4     869.9     896.0     905.4     929.8     948.8
Digital       830.5     802.8     768.2     720.3     679.1     652.9     623.6
           --------  --------  --------  --------  --------  --------  --------
  Total     1,660.0   1,652.2   1,638.1   1,616.3   1,584.5   1,582.7   1,572.4

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