Euksaltel sees strong growth across services

Spanish regional cable operator Euskaltel ended the first half of 2016 with 548,000 residential customers, up 0.5% year-on-year, while product sales for the first half numbered 59,000, taking products contracted to 1.86 million.

According to Euskaltel, 65.2% of its customers now take three or more services, up from 61.2% last year. The average number of services sold per customer now numbers 3.4 as against 3.2 a year ago.

Euskaltel said that 82% of new customers were taking three or four products. The operator saw net mobile additions in the order of 90,000, representing growth of 13.7%. The company said that 76% of customers now had a contract for at least one mobile phone from the group.

Pay TV additions during the first half numbered 27,000, 11.2% more than for the first half of 2015. Pay TV customers now account for 54% of the company’s base as against 47% for the prior year.

Euskaltel, which operates in the Basque Country and – via subsidiary R – in Galicia, said that churn had declined from 14.1% at the end of last year, to 14.8% in June.

Total revenues for the first half amounted to €286 million, up by 76.9% year-on-year. EBITDA was €139.3 million, up 83.3%.