Friday, 6 February 2009

Zon Multimedia registers strong growth in Q408 – Portugal

Zon Multimedia, a Portugal-based provider of broadcasting services, announced a healthy like-for-like operational growth for the company in Q408. This also happens to be one of the strongest quarters for the company in the last five years. As of December 31, 2008, Zon claimed 2.83 million Revenue Generating Units (RGUs), an increase of 17.5% year-on-year.

More than 23% of Zon’s customers subscribed to its triple-play services in 2008, against 6% at the end of 2007. Zon Multimedia reached 479,000 broadband subscribers at the end of 2008, adding 28,000 subscribers in the fourth quarter.

Zon Multimedia registered a substantial increase (around 291.8%) in its voice customers to reach 327,000 customers at the end of December 31, 2008. Additionally, the company’s new mobile service (under an MVNO arrangement with Vodafone) signed 7,200 customers in the same period.