Cable Satisfaction International Attains New Record for Subscriber Growth in First Quarter.Business Editors & High Tech Writers LONGUEUIL, Canada--(BUSINESS WIRE)--April 4, 2002 Cable Satisfaction International Inc. ("Csii") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.), an alternative direct provider of fixed broadband telecommunications services in Portugal through its subsidiary Cabovisao-Televisao por Cabo S.A. ("Cabovisao"), today announced its subscriber growth figures for the first quarter ended March 31, 2002. The Company added 78,499 revenue generating units ("RGU RGU The Robert Gordon University (Aberdeen, Scotland) RGU Responsible Governmental Unit RGU Revenue-Generating Unit ") for the period, the highest number of RGUs recorded during a quarter. This represents sequential growth of 12% compared to 70,069 net additions for the fourth quarter of 2001, the previous record for a quarter, and a year-over-year increase of 213% compared to 25,099 net additions for the first quarter of 2001. As of March 31, 2002, RGUs totalled 368,901, an increase of 146% compared to 149,974 RGUs at the end of the same period in 2001. Homes passed rose by 40,004 for the first quarter to 650,285 compared to 428,350 homes passed at the end of the first quarter of 2001. "We maintained strong subscriber growth momentum in the first quarter after the record pace of the fourth quarter of 2001, providing an excellent start for 2002. The RGU figures confirm the huge potential for competitive telephony services in Portugal and the excellent positioning of our bundle offers of telephony, cable television, pay TV and high-speed Internet See broadband. services," said Jean-Charles Dagenais, President and Chief Executive Officer of Csii.
Growth in Homes Passed and Revenue Generating Units ("RGU")
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Quarterly
03-31-02 12-31-01 03-31-01 growth Y/O/Y growth
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Growth % Growth %
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Homes
passed 650,285 610,281 428,350 40,004 7% 221,935 52%
RGUs:
-Cable TV 192,255 164,298 110,352 27,957 17% 81,903 74%
-Pay TV 43,786 37,061 23,675 6,725 18% 20,111 85%
-Internet 41,160 30,954 10,550 10,206 33% 30,610 290%
-Telephony 91,700 58,089 5,397 33,611 58% 86,303 1599%
Total
RGUs: 368,901 290,402 149,974 78,499 27% 218,927 146%
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Operational Highlights -- Cable television subscribers increased by 27,957 to 192,255 compared to 164,298 subscribers for the previous quarter for a penetration rate of 29.6%. On a comparative basis, net additions to cable TV services were 22,076 for the fourth quarter of 2001 and 13,334 for the first quarter last year. Pay TV customers rose by 6,725 to reach 43,786. -- High-speed Internet subscribers grew by 10,206 to 41,160 RGUs, the highest quarterly growth for this service. -- Telephony subscribers increased by 33,611 to 91,700. This compares to 32,779 net additions for the fourth quarter of 2001, the previous quarterly record. -- In the Lisbon area, a highly competitive market, Cabovisao's cable TV and telephone services reached penetration rates of 16.9% and 16.4%, respectively, after two quarters of operation. -- At the end of the first quarter, approximately 28% of telephony customers subscribed to the "triple play" bundle - cable television, high-speed Internet and telephony - and approximately 69% of customers subscribed to the "double play" bundle-cable television and telephony - reflecting the important role of bundling in the Company's market penetration strategy. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc matters that are not historical facts are forward-looking statements that involve risks and uncertainties, including, but not limited to, general business and economic conditions, the condition of the financial markets and the other risks and uncertainties detailed in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial section of the Company's 2000 annual report. About Csii Csii builds and operates large bandwidth (750 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. ) hybrid fibre coaxial co·ax·i·al adj. Having or mounted on a common axis. coaxial Adjective 1. Electronics (of a cable) transmitting by means of two concentric conductors separated by an insulator (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) networks and, through its subsidiary Cabovisao-Televisao Por Cabo. S.A., provides cable television, high-speed Internet access, telephony and high-speed data transmission services in Portugal. The subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of Csii are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CSQ.A. |
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