Cable Satisfaction International Inc. Announces Record Growth for Fourth Quarter and 2001.Business Editors LONGUEUIL, Quebec--(BUSINESS WIRE)--Jan. 8, 2002 Cable Satisfaction International Inc. (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.) ("Csii"), a provider of fixed alternative direct broadband communications and multimedia services in Portugal through its subsidiary Cabovisao, today announced record subscriber growth for the fourth quarter and year 2001. The Company added 70,069 revenue generating units (RGUs) for the fourth quarter, its highest quarterly increase in net RGUs growth. This was almost double the 36,492 net additions for the third quarter of 2001, the previous quarterly record. For the year 2001, the Company added 165,527 RGUs, an increase of 133% compared to the end of 2000. As of December 31, 2001, Csii had 290,402 RGUs for its four current services - cable television, pay TV, high-speed Internet See broadband. access and cable telephony See cable telephone. - compared to 124,875 RGUs at the end of 2000.
Growth in homes passed and revenue generating units (RGUs)
12-31-01 09-30-01 06-30-01 12-31-00 Year growth
Growth Increase
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Homes passed: 610,281 584,630 530,759 350,002 260,279 74%
Revenue
Generating
Units:
-Cable
Television 164,298 142,222 126,778 97,018 67,280 69%
-Pay TV 37,061 31,137 26,740 20,217 16,844 83%
-Internet 30,954 21,664 16,426 6,120 24,834 406%
-Telephony 58,089 25,310 13,897 1,520 56,569 3,722%
Revenue Generating
Units total: 290,402 220,333 183,841 124,875 165,527 133%
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Operational Highlights - Fourth Quarter 2001 - Cable television subscribers rose by 22,076, pay TV customers by 5,924 and high-speed Internet customers by 9,290. - Telephony subscribers increased by 32,779, nearly three times the customer growth for this service for the third quarter of 2001. - At the end of the fourth quarter, approximately 29% of telephony customers subscribed to the "triple play" bundle - cable television, high-speed Internet and telephony - and approximately 68% of customers subscribed to the "double play" bundle-cable television and telephony - reflecting the important role of bundling in the Company's market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" strategy. Operational Highlights - Full Year 2001 - Cable television subscribers rose 69% to 164,298 compared to 97,018 for 2000. Pay TV customers increased to 37,061 compared to 16,844 for 2000, up 83%. - High-speed Internet customers increased to 30,954 compared to 6,120 for 2000, up 406%. - Telephony subscribers increased to 58,089 compared to 1,520 for 2000. The Company only began offering cable telephony late in the third quarter of 2000. - Homes passed increased 74% to 610,281 compared to 350,002 at the end of 2000. The 2001 performance demonstrates Csii's competitive bundling advantage as a provider of a complete range of telecommunications services in Portugal through its advanced broadband network. There is a chart available at CCN's website at the following link: http://www2.cdn-news.com/database/fax/2000/ch1eng.jpg 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 report 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) hybrid fibre coaxial (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) networks and, through its subsidiary Cabovisao, provides cable television services, 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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