Nynex Results

Nynex CableComms, the UK’s second largest cable company, has revealed pre- tax losses of £78.5m for the 9-months to September 1995, this is an increase of 51% on the previous year. Revenues for Television doubled to £26.4m, although the penetration rate decreased from 19.5% to 18.9%. The churn rate, subscribers that do not renew their subscriptions, fell from 31.1% to 30.3%.

40% of the company’s cable network has been laid and completion is expected by the end of 1997, when it will cover 2.7m homes.