Record revenues fail to halt Digital+ decline

By Julian Clover | February 19, 2009 | 18:59 UK

Subscription revenues at up-for-sale satcaster Digital+ increased by 0.8% in the final quarter of 2008 as overall subscriber numbers fell. The Prisa-owned business has flatlined in recent months with the installed base now below December 2006 levels.

Increased ARPU of 44.5 per month, up from 41.7 in the last quarter, helped take fourth quarter subscription revenues to a record 1,141.0 million. As of December 31, 2008 the total number of subscribers was 2,035,000, a fall of 26,000 on the quarter, and 30,000 on the year. EBIT increased by 34.6% to 237.83 million.

In January talks over the 2.5 billion sale of the business halted after prospective owners Telefonica and Vivendi refused to move beyond 2 billion.