UPC grows broadband and digital TV subscriptions by 70k subscribers

6 Aug 2014

Cable TV and broadband provider UPC reported a 70,100 year-on-year increase in subscriptions, bringing its total subscriber base to 1,091,600 subscribers.

UPC, which will become a mobile operator in 2015 after signing an MVNO agreement with O2 Ireland’s new owner Three, said digital TV, internet and voice subscriptions were up 7,600 during the second quarter.

“We’re making excellent progress through our emphasis on product leadership with world-class programming, great new services and value for money for our customers,” said UPC chief financial officer Carol Grennan.

Total broadband subscribers now stand at 352,000 customers, up 10pc year-on-year, while UPC has 324,500 phone customers, up 22pc year-on-year.

In terms of digital cable TV, the company had 336,700 digital cable TV subscribers at the end of the quarter, up 0.3pc year-on-year.

Horizon represents more than 25pc of UPC’s TV subscriber base

“UPC is by far Ireland’s most competitive provider of fibre-powered broadband, phone and digital TV,” Grennan said.

“We’re constantly enhancing the range of content and choice available for our customers. 

“This is reflected in the high take-up of our Horizon TV home entertainment platform, which has achieved over 85,000 subscriptions, and this now represents more than a quarter of our digital cable customers.”

UPC’s parent company Liberty Global, which also owns Virgin Media in the UK, reported quarterly revenues of US$4.6bn, up 51pc, prompting CEO Mike Fries to say the business is “thriving on all fronts”.

Fibre optic image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years