COGECO passes 500k digital cable subscriber mark
Thursday, April 9th, 2009MONTREAL — Today, COGECO Inc. (TSX: CGO) (“COGECO” or the “Company”) announced its financial results for the second quarter and first six months of fiscal 2009, ended February 28, 2009.
The Digital Television service net additions stood at 25,102 and 48,719 customers, for the quarter and first six months ended February 28, 2009, respectively, compared to 17,879 and 34,132 customers for the same periods in the prior year due to targeted marketing initiatives in the second half of fiscal 2008 and in 2009 to improve market penetration and to the continuing strong interest for the HD Television service in Canadian operations, as well as the launch of the Digital Television service in Portugal (Cabovisão – Televisão por Cabo, S.A.) in the third quarter of fiscal 2008.
Customer Statistics
Net additions (losses) -------------------------------------- Quarters ended Six months ended ------------------ ------------------ February February February February February 28, 2009 28, 2009 29, 2008 28, 2009 29, 2008 --------- -------- -------- -------- -------- Basic Cable service customers 1,144,074 (9,953) 4,593 (9,155) 17,590 Digital Television service customers 514,917 25,102 17,879 48,719 34,132
Digital Television Service Customers:
February 28, August 31, 2009 2008 ------------ ---------- Ontario 313,886 288,345 Québec 164,773 153,401 Canada 478,659 441,746 Portugal 36,258 24,452 ------------ ---------- Total 514,917 466,198
More: Earnings Releases
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