World VoIP NewsChina Cablecom reports 1Q financial resultsChina Cablecom reports 1Q financial results

China Cablecom reports 1Q financial results


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China Cablecom, a provider of cable television services in the People's Republic of China, has announced that its Hubei assets added over 40,000 television subscribers in the period ending 31 March 2010.
Overall digital subscribers were recorded at 499,292, a 21% increase on the start of the year. For the full year 2010 China Cablecom expects its Hubei assets to reach a total subscriber count of approximately 1.28 million.

China Cablecom is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services. China Cablecom has consummated the acquisition of a 55 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 1,100,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs, owned directly or indirectly by local branches of State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.67 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates, prnewswire.com reported.


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