UPC announces growth as it prepares to enter mobile market

The provider experienced increased broadband and phone subscriptions over the past year

Eleanor Rosney
by Eleanor Rosney on 5th August, 2015

UPC’s service subscriptions increased by 7,300 to reach 1,099,000 over the past year, representing a 1% growth when compared with the same period a year ago.

It is the sixth consecutive year of positive quarterly net additions for UPC.

Commenting on today’s results, Carol Grennan, CFO of UPC, said: “Looking ahead, we see a much greater opportunity for growth as we prepare to enter into the mobile market, introduce more products and services, and open up new revenue possibilities through our continuous innovation in the market.”

Read more: UPC’s latest TV campaign highlights power of fibre broadband

The provider currently has 367,300 broadband customers, and experienced a 4% year-on-year quarterly growth in broadband subscriptions.

UPC also has 318,900 digital cable TV customers and 352,400 phone customers. Home phone subscriptions grew by 9%.

Grennan went on to say: “Our second quarter results reflect continued demand for our broadband and home phone services. Horizon TV now reaches 137,000 customers and is taken by 43% of our digital cable TV base.

“In June, UPC introduced its latest Horizon campaign offering new customers free TV for 12 months, 240Mbps broadband and Anytime World Phone. Early results indicate this compelling bundle is being positively received.”

UPC’s parent company Liberty Global reported a 3% growth in revenue, increasing revenues to US$9.1 billion.

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