ONO Fourth quarter and full year 2007 results

Tuesday, March 25th, 2008
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Grupo Corporativo ONO logo

Grupo Corporativo ONO, S.A. (“ONO”), the leading alternative provider of telecommunications, broadband Internet and pay television services in Spain, announced today the consolidated unaudited results for the fourth quarter and the full year 2007.

Television

The following table sets forth certain information with respect to ONO’s television services and the percentage change from period to period:

Data in thousand,
except if otherwise stated		 Quarter ended
31-Dec-07		 Quarter ended
30-Sept-07		 %
change		 Quarter ended
31-Dec-06		 %
change
Television 960 909 5.6% 920 4.4%
As % of customers 51.6% 49.7% 2.0 pp 51.3% 0.3 pp
Penetration (%) 14.1% 13.6% 0.5 pp 14.5% (0.4 pp)

Cable television customers increased by 51,000 or 5.6% in the quarter to reach 960,000 as of 31 December 2007, mainly due to the launch of new television packages in the third quarter, including a low entry option, “TV Esencial”.

Cable television customers as a proportion of total customers increased by 0.5 pp to 51.6% in the quarter and penetration of cable television services over homes released to marketing increased in the fourth quarter by 0.5 pp to 14.1%, representing an inflection point in the trend experienced by this RGU in the last years.

At the end of the fourth quarter of 2007, 90% of our total television customer base enjoyed our digital offering.

Key operating events

  • ONO launches a new telephony and television offer for €28/month
    In September 2007, ONO launched a new telephony and “Esencial” television offer for €28/month which includes national free calls, more than 40 television channels, video on demand and the set top box rental.
  • ONO launches new television packages
    In August 2007, ONO launched three new television offers: “Esencial” (more than 40 channels), “Extra” (more than 70 channels) and “Total” (more than 95 channels). All these television offers include video on demand, “ojo”, in the areas where it is available.
  • ONO strengthens its pay TV offer with new channels
    ONO strengthened its pay TV offer with the introduction of new channels in its programming line-up from January. ONO enlarged its offer with channels for children such as “Baby TV”; entertainment channels such as “Canal Telenovelas”; documentary channels such as “Biography Channel”; and the music channel “Pacha TV”.
  • Pay television audiences leadership
    According to TNS Sofres, a company measuring television audiences and consumption data in Spain, ONO achieved a total television market share of 7% in December 2007, the leading audience share among pay-TV operators.

More: Results and Filings