UPC posts revenues of EUR 30.8mln in Q2, 2010, registers slight growth

Newsroom 23/08/2010 | 14:50

UPC posted revenues of EUR 30.8 million in the second quarter of this year, which represents a 1.32 percent growth on the same period of last year.

Thus, in the first half of the year, UPC Romania posted revenues of EUR 62.3 million, which represents a 2.3 percent growth compared to the previous year.

On June 30, 2010, the total number of RGUs of UPC Romania was 1,589,400. The company had 737,100 analog cable subscribers, 254,000 digital cable subscribers and 187,400 DTH subscribers, according to the UPC Holding report.

The company’s subscriber base in Romania continued to decrease in the second quarter across its various revenue generating units (RGUs), due to fierce competition.

“Our total subscriber additions were hampered by Romania, which lost 54,000 RGUs in Q2 2010, as compared to a loss of 1,000 in the prior year quarter. If we were to exclude our net RGU loss in Romania, we would have reported RGU additions of 122,000, representing a nearly four-fold improvement from the comparable amount in