European Cable Investment Pays Off22 Jul, 2008 By: Billy Gil
A Screen Digest report said investment in Europe's cable industry is finally showing results.
The report, “European Broadband Cable 2008,” said consolidation in the industry was followed by heavy investment from private equity groups, and that affordable high-speed broadband is a key selling point for cable versus competing technologies.
“With the onslaught of competition in the form of IPTV, DTT and freesat, as well as the older adversary of pay satellite, Europe's cable industry has had to get its act together,” commented Screen Digest senior analyst and author of the report, Guy Bisson. “Heavy investment over the past few years has allowed it to focus on offering triple-play services, with a great deal of success in some markets, most notably the U.K. and Spain.”