Cablevision Systems said it added 99,000 cable modem subscribers ...
Cablevision Systems said it added 99,000 cable modem subscribers in 4th quarter, about 7,600 per week, to close 2000 with 238,500 and penetration rate of 11.9%. As it continues to upgrade its plant to 750 MHz capacity, company said,…
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it aims to double its high-speed data customer total to 475,000 by end of 2001. But Cablevision, which originally planned to introduce digital cable service this winter, said it wouldn’t begin deploying digital set-top boxes until next fall because it wanted to bolster its customer support operation first. Plans now call for installing 100,000 Sony digital boxes in subscriber homes by year’s end. In conference call with analysts Wed., Cablevision executives denied that there were any problems with new Sony boxes or their cable plant. “We are technologically ready” for digital, Cablevision CEO James Dolan said. Executives said they planned to roll out digital broadly in 2002. They also expressed strong interest in pursuing expanded relationship with MGM, which just bought 20% stake in Rainbow Media, as well as building PCS business in N.Y.C. area and possibly selling various PCS licenses elsewhere.