Spanish cable operator Ono’s number of TiVo-related subscribers surged to...
Spanish cable operator Ono’s number of TiVo-related subscribers surged to 100,000 in Q4 from 34,000 at mid-2012, helping it offset a downturn in TV services tied to the struggling Spanish economy, Ono said. Ono, which launched TiVo in Madrid and…
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Barcelona in October 2011 and has since spread it across its network, has experienced “positive market acceptance” for the DVR service as “showcased by positive momentum in customer acquisition,” the cable operator said. The TiVo DVRs in Spain give customers access to 20 HD channels, 3D programming and broadband, Ono said. With the addition of a personalized search engine, TiVo will “help us increase the number of TV customers and revenues going forward,” Ono said, releasing earnings last week. Ono is among TiVo’s largest international customers that market its DVRs, trailing Virgin Media, which has 1.2 million subscribers to its TiVo-related service. The number of Ono subscribers with TV services declined 862,000 from 923,000 a year earlier. Ono’s telephone customer numbers dropped to 1.66 million from 1.7 million. The TV service was installed in 12.2 percent of the seven million homes where Ono is available, down from 13.1 percent a year earlier, and trailing Internet at 20.1 percent and phone at 23.5 percent, the company said. In addition to TiVo, Ono benefitted from growth in its mobile business where the number of customers grew to 417,000 from 192,000, the company said. Ono also had nearly 700,000 subscribers to its high-speed broadband services that delivered 30 Mbps and higher, the company said. Ono’s Q4 net profit improved to $18.2 million as revenue jumped 7.4 percent to $534 million despite gross margin slipping to 69.9 percent from 77.2 percent.