i-Cable turnover falls 9%

3 Mar 2014

Consolidated turnover at Hong Kong cable network operator i-Cable decreased by 9% to HKD1.932 billion (USD249 million) in the year to the end of December 2013. Operating costs before depreciation fell by 17% to HKD1.782 billion, and EBITDA swung to HKD149 million, compared to an EBITDA loss of HKD22 million in 2012. Net loss was HKD93 million (2012: HKD278 million). Broadband internet customers decreased by 5,000 to 196,000, and telephony customers dropped by 11,000 to 115,000 in 2013, while internet/telephony turnover increased by HKD10 million to HKD348 million. TV customers decreased by 29,000 to 1.060 million and cable TV turnover fell 12% to HKD1.546 billion.

Hong Kong, i-Cable (formerly HKCT),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share