Euskaltel expansion continues
March 1, 2019 09.47 Europe/London By Chris Dziadul
The Spanish cable operator Euskaltel ended 2018 with 416,718 TV RGUs, equivalent to 72.4% of its fixed customer base.
This, according to the latest results published by the company, was up from 393,356 (68.4%) a year earlier. Meanwhile, its broadband subscriber total at the end of 2018 stood at 497,135 (488,708) and fixed voice subscriber total at 516,169 (527,908).
Global ARPU for fixed customers was €59.93 in Q4, compared to €59.99 a year earlier.
Euskaltel’s revenues in Q4 amounted to €170.5 million, with residential accounting for €114.8 million and business €46.5 million of the total.
This was down from the €178.2 million posted a year earlier, with EBITDA also falling from €87.6 million to €83.6 million over the same period.
Net income in Q4 was €16.3 million, compared to €16.7 million a year earlier.
However, for the year as a whole net income amounted to €62.8 million, a 26.6% increase on 2017.