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Altice Europe confirmed an improving subscriber tr

first_imgAltice Europe confirmed an improving subscriber trend in the second quarter, adding 13,000 net new subscribers in France, compared with a loss of 16,000 for the same period last year.The company saw solid uptake of its fibre service in France, with 56,000 net additions in the quarter. In mobile, French unit SFR added 211,000 net new customers in the quarter, compared with 34,000 net new additions for the same period last year. Altice said uptake was boosted by its launch of new offers in March hat helped arrest churn as well as putting in place measures that reduced complaints.In its other major European market, Portugal, Altice Europe saw its faces base grow for the first time in over five years, with 6,000 net new additions compared with a loss of 12,000 for the same period last year. Meo added 46,000 fibre customers in the quarter, compared with 33,000 for the same period last year, boosted by the operator’s expansion of its coverage area. Meo also added 38,000 new post-paid mobile customers in the quarter.Altice Europe’s improved subscriber numbers did not immediately translate into revenue and profit growth, however, during a period in which Altice has launched a series of promotional offers. The company has essentially adopted a strategy of rebuilding its subscriber base as a vehicle for future revenue growth, at the cost of sacrificing revenues and margin now.The company’s revenue declined by 3.8% on a reported basis and 2.3% at constant currency, while EBITDA declined by 9.1% on a reported basis and 5.5% on a constant currency basis. This was despite a drop in capital expenditure from €861 million for the same period last year to €773 million.Altice founder Patrick Drahi said that Altice Europe had “continuously delivered on its operational turnaround plan, showing continuous improvements in subscriber trends”. He highlighted the fact that the company had “successfully refinanced part of our debt and made significant further progress on the execution of our non-core asset disposal programme, strengthening further our long-term balance sheet position”.last_img read more

Horse and Country HC the multiscreen TV netwo

first_imgHorse and Country (H&C), the multi-screen TV network for equestrian sports, and Digital Cornucopia, have unveiled a new partnership to produce, launch and distribute H&C across Spain, Portugal and Latin America.Heather KillenUnder the terms of the partnership, Digital Cornucopia will seek opportunities for the channel in Spanish and Portuguese on both pay TV networks and OTT platforms, as well as via direct to consumer apps.H&C joins a bouquet of seven TV channels, offering both linear and OTT services, that have been launched by Digital Cornucopia.Heather Killen, CEO H&C, said: “We have focused on the equestrian sector for 10 years and believe there is great opportunity for H&C in these markets; we have found a great partner in Digital Cornucopia.’’Carlos Navia, Digital Cornucopia CEO, added: ‘’We are delighted to be working with H&C and are excited about bringing its equestrian programming to these markets, where traditions of horsemanship run deep, and the modern sport is practiced to a high level.’’H&C is already available on platforms including: Amazon Prime Video in the UK and Germany; Ziggo in The Netherlands; Roku in the US and the UK; and Fetch TV in Australia, reaching an estimated 48.5 million households.It also addresses the audience for equestrian sports and lifestyle through its social media channels, where it reaches 5 million people each month, generating more than 2 million video views.last_img read more

Emerging markets SVOD service Iflix has partnered

first_imgEmerging markets SVOD service Iflix has partnered with smart TV software provider Vewd to make Iflix available on millions of Vewd-enabled devices.  Iflix worked with the Vewd team to certify the Iflix app for the Vewd ecosystem, meaning the app can be deployed across connected TVs and set-top boxes.“We aim to give users the freedom to enjoy Iflix on any screen of their choice – from their 6-inch mobile screen to 65-inch big screen television,” said Iflix CEO, Mark Britt.“Our partnership with Vewd is an important step to fulfilling that promise. Vewd’s leading edge technology and connected smart TV ecosystem allows us to integrate with platforms efficiently, whilst offering users an uncompromising user experience.”Vewd CEO, Aneesh Rajaram, said: “Iflix has established itself as one of the world’s pre-eminent subscription video-on-demand services. Having them join the world’s largest connected TV ecosystem underscores our commitment to providing the richest catalogue of key apps on connected TV devices.“Now more than ever, Vewd can provide the industry’s most comprehensive content offering for smart TV manufacturers and pay TV operators.”last_img read more