Wednesday, November 9, 2005

RCN Tests 20 Mbps Cable Modem Service in Wash DC and Boston markets

RCN has successfully tested 20 Mbps high-speed data service over its cable networks in the Washington, D.C. and Boston markets.


Some highlights from the company's quarterly financial report:

  • Third quarter 2005 revenue of $138.8 million decreased 1.4% from $140.7 million in the third quarter of 2004 and 1.8% from $141.4 million in the second quarter of 2005.


  • Third quarter 2005 ending subscribers were approximately 411,000 versus approximately 429,000 in the third quarter of 2004 and approximately 413,000 in the second quarter of 2005.


  • Third quarter 2005 average revenue per customer (ARPC) was $102, an increase from $96 in the third quarter of 2004 and comparable to $102 in the second quarter of 2005.


  • EBITDA for the third quarter 2005 was $23.3 million versus $13.5 million in the third quarter of 2004 and $19.8 million in the second quarter of 2005.


  • Third quarter 2005 CAPEX was $17.5 million versus $11.6 million in third quarter 2004 and $11.5 million in second quarter 2005.


  • Increased RGUs by 8,000 sequentially


  • Increased penetration of higher-margin customers: bundle rate up approximately 2% sequentially to 67%; triple-play rate up approximately 1% to 38%

http://www.rcn.com

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