EU Cable Industry Posts Acceleration In Revenue Growth
07 Mars 2012 - 1:10PM
Dow Jones News
Revenue growth at Europe's cable operators accelerated in 2011,
principally due to the wider use of combined television, Internet
and fixed-line telephone services over a single connection, or
"triple play."
The industry generated EUR19.9 billion in revenue last year, up
7% compared with a year earlier, industry body Cable Europe said
Wednesday. By comparison, revenue grew 6% in 2010 and 3% in
2009.
Speaking at Cable Congress 2012 here, Cable Europe President
Manuel Kohnstamm said the figures show "cable operators are more
than holding their own against other platforms, even in today's
highly competitive, highly dynamic markets."
The number of homes in the European Union receiving digital TV
services from cable operators rose 13% from a year earlier, as
countries continue to switch away from analog services.
-By Frances Robinson, Dow Jones Newswires; +32 2 741 1486;
frances.robinson@dowjones.com
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