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ARPU: Approximately $1.51/month |
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Subscribers: 482,016 |
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Homes Passed: excess of 600,000 |
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Regional Population: 3.7 million |
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Annual Organic Growth: approximately 10% |
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Digital cable conversion ratio: estimated at approximately 40% by 2009 |
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Digital cable conversion estimated to increase ARPU to $3.50 per month |
China Cablecom acquired operating rights of Binzhou Broadcasting and Television Information Network Co., Ltd in the rapidly growing Shandong Province on September 2007 by entering into a series of asset purchases and services agreements with a company organized by SOEs owned directly or indirectly by local branches of SARFT in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom owns a 49% equity interest and maintains a service contract which provides for an additional 11% economic interest. Cablecom consolidates 60% of operating profits and net income.
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