MANILA, Philippines (June 29, 2012) – SkyCable Corp., the country’s largest cable television operator, is keeping its capital expenditure (capex) this year at roughly P1 billion, with the bulk to be spent on digitization efforts.
SkyCable subscriber base now stands at 700,000, said managing director Carlo Katigbak.
“Last month, we purchased the assets of Destiny Cable. This adds to roughly around 180,000 subscribers to SkyCable, which now has 700,000. So right now, on a national basis we control about 45 percent of the cable TV market,” Katigbak said in an interview.
He said the P1-billion programmed capex for SkyCable this year already includes whatever cost to be incurred to maintain, operate and provide digital boxes for Destiny Cable subscribers. “Even with Destiny, our capex won’t change. We are maintaining it at roughly P1 billion which is about the same as last year,” said the SkyCable official, adding that bulk of the amount will be spent for maintenance and purchase of digital boxes which are essential in curbing cable TV piracy.
Read more: http://www.abs-cbnnews.com/business/06/28/12/skycable-focus-digitization-efforts-allots-p1-b-capex