COMSTAR pay-TV subscribers exceed 2 million in 1Q09
Tuesday, May 26th, 2009MOSCOW, Russia — “COMSTAR – United TeleSystems” OJSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 69 Russian cities, today announced its unaudited consolidated US GAAP financial results for the three months ended March 31, 2009.
Broadband in Moscow
The number of triple-play subscribers (voice, broadband internet & pay-TV) decreased quarter on quarter due to customers optimizing their spending in the adverse economic climate.
Broadband in the Regions
Following the consolidation of STREAM-TV Group, the Group’s target residential audience for triple-play services in the regions increased from 137 thousand to 3.7 million homes passed.
Over 50% of the potential households, or 1.9 million active subscribers, were using pay-TV services by the end of the first quarter of 2009. This included 378 thousand subscribers to low-cost packages comprising 20 TV channels. Pay-TV subscribers using pay-TV packages are more likely to switch to extended offerings, which drives pay-TV premium ARPU growth.
Pay-TV subscribers (000s):
Q1 2009 Q1 2008 Growth Q4 2008 Growth ------- ------- ------ ------- ------ Moscow 137 135 2% 146 (6%) Regions 1,953 107 1720% 153 1174%
More: Earnings Release
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