Cequel (Suddenlink) digital video customers increased 14,300 in 4Q09
Wednesday, March 24th, 2010ST. LOUIS — Cequel Communications Holdings I, LLC (“Cequel,” and together with its subsidiaries, the “Company” or “Suddenlink”) today reported financial and operating results for the fourth quarter and full year 2009.
Fourth Quarter 2009 Compared to Pro Forma Fourth Quarter 2008
Video revenues increased 1.8%, primarily due to customer growth in digital video and advanced video services, as well as basic video rate increases, offset in part by a lower number of basic customers. The Company lost approximately 15,400 basic customers during the fourth quarter 2009, compared to a loss of 5,800 basic customers during the fourth quarter 2008, and lost 35,800 basic customers during 2009. Digital video customers increased by 48,900 during 2009 and grew by 14,300 during fourth quarter 2009, compared with an increase of 7,500 during the same period in the prior year. At December 31, 2009, over 51% of our digital video customers were taking advanced digital services such as high definition television (“HDTV”) and/or digital video recorder (“DVR”) services, and video on demand (“VOD”) was available to approximately 59% of our digital video customers.
Summary Operating Statistics:
December 31, September 30, December 31, 2009 2009 2008 ------------ ------------- ------------ Revenue Generating Units (RGU): Basic video customers 1,239,100 1,254,500 1,274,900 Digital video customers 545,100 530,800 496,200 Quarterly net customer additions (losses): Basic video customers (15,400) (8,200) (5,800) Digital video customers 14,300 16,300 7,500
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