Insight Communications Co. Inc. reported pro forma revenue growth of 6.1
percent and cash-flow growth of 5.2 percent for the fourth quarter, including
about 350,000 subscribers in Illinois that were included in January in its 50-50
partnership with AT&T Broadband.
Not including the Illinois systems, revenue growth was 11.3 percent and
operating cash flow was up 7.4 percent.
Insight added about 28,000 digital customers in the period, ending the year
with 258,000 digital customers. The product is available to about 89 percent of
Insight's 1.4 million subscribers.
Digital penetration is about 22.5 percent, but the company said that should
increase to 33 percent by the end of 2001.
High-speed-data additions were down in the quarter -- to 3,200, compared with
11,600 in the previous period -- mainly due to the bankruptcy of Excite@Home
Corp., which limited Insight's ability to market the service and add
Insight has since completed the transition of its cable-modem customers to
its own proprietary network, InsightBB.
Basic subscriber growth was about 0.4 percent in the quarter. Insight has
around 1.4 million subscribers.
The MSO has also virtually completed its rebuild, with about 97 percent of
customers passed by 750-megahertz, two-way plant.