UPC Ireland reports strong revenue, subscriber growth in 2011

24 Feb 2012

Irish cable TV, broadband internet and voice telephony provider UPC Ireland reported an 11% year-on-year increase in revenues in FY2011, beating its own expectations, buoyed by solid subscriber growth in its core business areas. UPC, a unit of US-based Liberty Global Inc, said that its broadband user base expanded 28% last year to 255,400, while VoIP telephony subscribers surged 68% to 162,200. The operator attributed the rapid expansion to its aggressive pricing of triple-play internet, phone and TV services. Growth in the operator’s digital TV base was slower – given it is a more mature market for UPC – but nonetheless UPC closed out 2011 with 386,400 digital television customers, up 1% (or 5,000) y-o-y. UPC Ireland was formed through the merger of ntl and Chorus and counts Sky as its main rival in the Republic’s pay-TV sector.

Siliconrepublic.com quotes UPC Ireland chief executive Dana Strong as saying that the cableco’s ongoing CAPEX over the past six years will reach EUR500 million (USD664 million) by the end of this year and that it is considering plans to accelerate the rollout of fibre in its network. ‘So we now have 600,000 households in Ireland passed by the 100Mbps speed which is a huge benefit for the broadband community and a big growth versus where we were this time last year,’ she said. ‘Our total footprint on cable is 812,000 households and we are continuing to upgrade within that 812,000 so that 100Mbps would reach 90% of the 812,000 households. Outside of the 812,000 no immediate plans but it is something that we are constantly reviewing,’ she added.

Ireland, Virgin Media Ireland