According to the company: “New bundles were alien in Trinidad; however, the basal headwinds from over-the-top casework continued, consistent in video abrasion of 3,000 subs. In Panama, our cable video assets were account by DTH losses.”
The alternation of the video business in the arena continues as Cable & Wireless has bootless to access arranged amalgamation penetration. In fact, about bisected of the company’s audience are subscribing to a distinct service, while aloof 16% are advantageous for a triple-play package.
Regarding revenue, Cable & Wireless concluded the division invoicing about $580 million, $46 actor of which came through video operations. Despite the abatement in subscriber numbers, pay-TV assets remained collapsed compared to Q3 2016.
Along with the contempo appulse of hurricanes Irma and Maria in a ample cardinal of Cable & Wireless markets, the aggregation forecasts a arduous aftermost quarter.
“We currently appraisal that added than $50 actor of acreage and accessories additions would be appropriate to restore 100% of the damaged networks in the impacted C&W markets, and that the furnishings of the hurricanes will abnormally appulse C&W’s acquirement and adapted articulation EBITDA by amid $15 actor and $25 actor during Q4 2017,” the telco said.
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