Hawaiian Telcom adds 8,608 video subscribers in 1Q 2014
Wednesday, May 7th, 2014HONOLULU — Hawaiian Telcom Holdco, Inc. (Nasdaq:HCOM) reported financial results for its first quarter ended March 31.
Video service revenue grew to $4.8 million for the quarter, up from $2.2 million in the same period a year ago, driven by the addition of approximately 8,600 subscribers for a total of approximately 20,300 subscribers at the end of the first quarter. During the quarter, 10,000 additional households were enabled, increasing the total number of households enabled to 130,000 with 48% of those households capable of connecting directly to the Company’s ultra-fast fiber-optic technology. Hawaiian Telcom TV penetration of households enabled was approximately 16 percent at the end of the first quarter.
Video services:
Change March 31, March 31, -------------- 2014 2013 Number %age --------- --------- ------ ------ Subscribers 20,279 11,671 8,608 73.8% Homes Enabled 130,000 83,000 47,000 56.6% Change March 31, Dec. 31, -------------- 2014 2013 Number %age --------- --------- ------ ------ Subscribers 20,279 18,393 1,886 10.3% Homes Enabled 130,000 120,000 10,000 8.3%
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