Hawaiian Telcom more than doubles TV base
Michelle Clancy | 11-08-2013
While some major US pay-TV operators are suffering subscriber losses in the second quarter (ie, DISH Network), regional operators are faring much better. For example, Hawaiian Telcom more than doubled its TV subscriber base in the last year. The Aloha State telco now has 13,618 TV subscribers, compared with 6,354 in the year-ago quarter.
Quarter-over-quarter the company has racked up a 16.7% increase over the 11,671 subscribers that the carrier had in Q1. And it has room to grow: the carrier also said that it has now enabled 100,000 video homes, 17,000 more than Q2 2012. Hawaiian Telcom TV penetration of households enabled was approximately 14% at the end of the second quarter.
"We successfully executed on our goal to expand the reach of our enhanced broadband network to 100,000 households on Oahu by the second anniversary of our commercial launch of Hawaiian Telcom TV," said Eric Yeaman, the carrier's president and CEO. "This build-out gives us a solid foundation for future revenue growth in our consumer channel, which is expected to increase as we continue to deliver Hawaii's best home entertainment experience to more neighbourhoods and homes every week."
Consumer revenue overall increased 1.5% year-over-year to $34.8 million, driven by growth in video and high speed Internet revenue of $1.8 million and $0.9 million, respectively. Video service revenue was $2.9 million in the quarter, up from $1 million a year ago. Hawaiian Telcom also said that video ARPU, a crucial metric, was up about 12% since 2012.
"Our investments are transforming the company and successfully repositioning us for the future," concluded Yeaman. "We have built a strong set of assets and have the right strategies to capitalise on the key opportunities that exist in our marketplace. I am confident about the company's growth prospects and our ability to drive long-term shareholder value."