Nearly 400k Irish homes ‘ready’ for cable broadband

9 Nov 2007

Some 383,000 Irish homes are now capable of receiving cable broadband services from UPC, with some 73,600 homes opting to do so – up 52pc on last year – according to UPC’s latest third-quarter results.

The company’s financial results revealed that the Irish division of UPC reported a 14pc increase in revenues for the third quarter, from US$66.6m a year ago to US$75.9m in the recent quarter.

Operating cashflow generated from Irish operations amounted to US$23.7m, up 26.1pc from US$18.8m in the third quarter last year.

For the nine months so far the Irish division of UPC achieved revenues of US$224.3m, up 16.2pc on the US$193.1m achieved at this stage last year.

A spokesman for the company in Ireland said: “Subscription numbers for Ireland underline we are just getting started capitalising on the triple play opportunity.”

In Ireland UPC has a total of 666,400 revenue generating units (RGUs), out of which 312,500 subscribe to digital services, up 13pc on last year.

“This quarter RGU growth has increased and underlines that our strategy is working to deliver value to consumers through a set of high-quality services which is driving this level of performance.

“The company is focusing on broadening relationships with customers and strengthening our competitive advantage as we expand the availability of triple play across our national footprint,” the spokesman added.

In terms of UPC’s telephony services, over 153,300 homes are capable of receiving the service and 7,800 have subscribed to it.

By John Kennedy