Highlights

Audited Consolidated Financial Results
  (As of December 31,)  
  2011 2010 2011 vs. 2010
Service Income 8,249 7,509 10%
Operating Income 2,473 2,186 13%
Consolidated EBITDA 3,553 3,075 16%
Consolidated EBITDA Margin 43% 41%  
Adjusted EDBITDA of Cable Operations 3,492 3,025 15%
Ajusted EBITDA Margin of Cable Operations 44% 43%  
Net Income 1,750 1,697 3%
Earnings per CPO 2.04 1.98 3%
Total Assets 18,638 15,607 19%
Cash and Short Term Investments 2,510 1,686 49%
Total Liabilities 5,258 4,009 31%
Net Debt 573 477 20%
Stockholders' Equity 13,380 11,598 15%
Financial Rations
Net Debt / Consolidated EBITDA 0.16 0.16  
Interest Coverage 26.56 19.90  
Total Liabilities / Stockholders Equity 0.39 0.35  

Figures in millions of pesos


Operating Results
  (As of December 31,)  
  2011 2010 2011 vs. 2010
Homes passed 5,719,799 5,214,041 10%
Network Kilometers 40,525 36,703 10%
Two-way Network Percentage 97% 96%  
Video subscribers 1,943,910 1,757,102 11%
Digital Video Subscribers 975,894 539,688 81%
Penetration Rate of Households 34% 34%  
HSD Internet Subscribers 682,726 594,048 15%
Penetration Rate of Video Subscribers 35% 34%  
Telephony Subscribers 495,205 463,825 7%
Penetration Rate of Video Subscribers 26% 26%  
Unique Subscribers 1,999,765 1,804,537 11%
Revenue Generating Units (RGU´s) 3,121,841 2,814,975 11%
RGU´s Per Unique Subscribers 1.56 1.56  
ARPU Per Unique Subscribers $368.3 $361.8 2%


Wired Network