Bell Canada’s thriving IPTV service ‘Fibe TV’ is helping to offset its declining voice customers and even attract more customers to its high-speed broadband services, according to the company’s latest quarterly results.
The company added 38,447 new subscribers for Fibe TV during the second quarter of this year – a 168% increase over the net additions of one year earlier – and increased its IPTV footprint to over 2.4mn households. Bell is planning to expand this footprint further to 3.3mn households by the end of 2012.
Its satellite TV service is not proving quite so popular however: net TV additions across both IPTV and DTH platforms totalled 16,758 in the quarter, suggesting that Bell lost just over 21,000 satellite subscribers in the period. In total, the company had reached 2.128mn TV subscribers by June.
Bell attributes this net loss for its satellite TV platform to roll-outs of IPTV services by other competing service providers, aggressive customer-poaching offers from cable competitors, and customer migrations to its own Fibe TV service.
Total revenues across all operations for the second quarter of this year reached CAD 4.34bn (US$ 4.37bn), down half a percentage point on an annual basis, while net profits rose 31% to reach CAD 773mn.