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NTL Claims 864,000 Broadband Users
By: MarkJ - 01 November, 2003 (8:49 AM)

The UKs largest cable operator, NTL, has just released its preliminary third quarter 2003 results, which show a boost in profits. The operator now accounts for a third of the overall broadband market in the UK:

Overall the results were positive, with ntl:home posting a net customer increase of 56,200 and 123,400 "revenue generating units" during the quarter. The important average revenue per unit figure showed a slight up-tick from 41.04 to 41.43. Annualized churn at 14.4% in Q3 was slightly up on the second quarter figure of 12.9%, but still showed a sharp drop from the third quarter of 2002, when the figure stood at 16.4%.

Broadband once again proved to be the drving force of growth at ntl:home, rising from 764,200 broadband subscribers inthe second quarter to 864,600 by September 30th. The total number of cable TV subscribers dropped slightly to just over 2m, but the percentage of cable TV customers taking digital TV rather than analogue increased slightly.

You can find the full 'Acrobat Reader' (.PDF) format summary HERE. We note that dialup users had declined ever so slightly to 421,500 from around 425K. More @ DigitalSpy.

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