Faster speeds drive Euro cable to gain $1BN in revs over 2013
Editor | 12-03-2014
Reflecting what has been a massive 12 months for the cable industry in Europe, data released by the industry’s trade body has shown that 2013 top-line revenues were up 5.9% year-on-year to €21.9 billion.
Furthermore, according the IHS statistics released by Cable Europe at its yearly flagship show, investments in high speed broadband connections and new service platforms in 2013, added more than €1 billion in annual revenues. Breaking this figure out, there was a 9.1% growth in broadband revenues, 6.5% growth in telephony revenues. Digital cable also accounted for more than 70% of TV revenues.
“The past year has seen significant transformation and change in our industry, and all of us feel good about cable’s ability to grow through those cycles, said Cable Europe president Manuel Kohnstamm, commenting on the research. “As our customers increasingly go digital, over-the-top and outside the home, cable is positioned as the future of entertainment”.
Added Cable Europe executive chairman, Matthias Kurth: “Cable is a shining star at a time when Europe’s leaders are calling for more investment in digital infrastructure to connect our continent … We continue to attract European consumers with a truly unparalleled connectivity platform.”
Despite his general satisfaction with the year’s performance, Kurth cautioned that even though digital TV subscribers now made up the clear majority of cable TV subscriptions in Europe, converting the remaining 25.9 million analogue customers was one of cable industry’s many long-term runways to growth.