-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BSTeDAAC7ruK+50FayXBZ3P2kM0V/HDG1PP3t8V9rKAQ5HckPQ5MVXUfUkgs3nE/ wVvfd2tZ+4/a0N10IfZ0zw== 0000940180-97-000064.txt : 19970129 0000940180-97-000064.hdr.sgml : 19970129 ACCESSION NUMBER: 0000940180-97-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970123 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970128 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL CABLETEL INC CENTRAL INDEX KEY: 0000906347 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 521822078 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22616 FILM NUMBER: 97511983 BUSINESS ADDRESS: STREET 1: 110 E 59TH ST STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: 110 EAST 59TH STREET STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JANUARY 23, 1997 ---------------- INTERNATIONAL CABLETEL INCORPORATED - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-22616 52-1822078 - -------------------------------------------------------------------------------- (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation) 110 East 59th Street, New York, New York 10022 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including area code (212) 371-3714 -------------- _______________________________________________________________________________ (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. - ------ ------------ On January 23, 1997, the Company announced its preliminary operating statistics for the year ended December 31, 1996. CableTel's operating performance continues to exceed estimated industry averages. As of December 31, 1996: Residential telephone penetration increased to 32.0% Residential cable television penetration increased to 32.6% Combined penetration ("RGU" penetration) increased to 64.6% Annualized RGU churn was approximately 10% in the fourth quarter As of December 31, CableTel had over 168,000 customers subscribing to over 302,000 services. Approximately 36% of all residences marketed by the company are taking at least one service and over 79% of those customers are taking both services. The Company has now marketed services to approximately 60% of the homes passed by its new networks, up from approximately 38% at end of 1995. CableTel has now constructed its new dual service network past approximately 779,100 homes in its franchise areas, representing approximately 37% of its nearly 2.1 million total homes.
NEWLY CONSTRUCTED DUAL NETWORK December 31 1996 September 30 June 30 March 31 December 31 1996 1996* 1996 1995 ---------------- ------------ ------- -------- ----------- Homes passed (1) 779,100 694,400 611,300 516,000 463,000 Homes marketed 467,300 390,800 311,500 249,500 176,200 Total customers 168,200 135,300 107,100 81,860 57,700 Dual 133,800 105,155 80,100 62,440 44,630 Cable-only 18,450 15,600 13,700 9,750 6,620 Telephone-only 15,950 14,545 13,300 9,670 6,450 Total RGUs (2) 302,000 240,455 187,200 144,300 102,300 RGU penetration 64.6% 61.5% 60.1% 57.8% 58.1% Cable penetration 32.6% 30.9% 30.1% 28.9% 29.1% Telephone penetration 32.0% 30.6% 30.0% 28.9% 29.0%
(1) "Homes passed" is the expression in common usage as the measurement of the size of a cabled area, meaning the total number of residential premises which currently have the potential to be connected to the Company's network. Homes passed does not include approximately 100,000 cable-only homes which are included in the Company's homes passed that count toward its OFTEL milestones. (2) An RGU (revenue generating unit) is one cable television account or one telephone account; thus, a dual customer counts as two RGU's. * June 30, 1996 data has been restated to reflect current period presentation. A copy of the press release issued by the Company announcing the above is attached hereto as an exhibit and incorporated herein by reference. Item 7. Financial Statements and Exhibits - ------ --------------------------------- Exhibits 99 Press Release issued January 23, 1997. SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. INTERNATIONAL CABLETEL INCORPORATED (Registrant) By: /s/ Richard J. Lubasch -------------------------------------------- Name: Richard J. Lubasch Title: Senior Vice President-General Counsel Dated: January 23, 1997 EXHIBIT INDEX ------------- Exhibit Page ------- ---- 99 Press Release issued January 23, 1997. EX-99 2 PRESS RELEASE ISSUED JANUARY 23, 1997 EXHIBIT 99 [LETTERHEAD OF INTERNATIONAL CABLETEL INCORPORATED APPEARS HERE] FOR IMMEDIATE RELEASE INTERNATIONAL CABLETEL INCORPORATED ANNOUNCES PRELIMINARY OPERATING STATISTICS FOR 1996 ----------------------------------------- New York, New York (January 23, 1997) -- INTERNATIONAL CABLETEL INCORPORATED (NASDAQ: ICTL) ("CableTel" or the "Company") announced today its preliminary operating statistics for the year ended December 31, 1996. CableTel's operating performance continues to exceed estimated industry averages. As of December 31, 1996: Residential telephone penetration increased to 32.0% Residential cable television penetration increased to 32.6% Combined penetration ("RGU" penetration) increased to 64.6% Annualized RGU churn was approximately 10% in the fourth quarter As of December 31, CableTel had over 168,000 customers subscribing to over 302,000 services. Approximately 36% of all residences marketed by the company are taking at least one service and over 79% of those customers are taking both services. The Company has now marketed services to approximately 60% of the homes passed by its new networks, up from approximately 38% at end of 1995. CableTel has now constructed its new dual service network past approximately 779,100 homes in its franchise areas, representing approximately 37% of its nearly 2.1 million total homes.
NEWLY CONSTRUCTED DUAL NETWORK December 31 1996 September 30 June 30 March 31 December 31 1996 1996* 1996 1995 ---------------- ------------ ------- -------- ----------- Homes passed (1) 779,100 694,400 611,300 516,000 463,000 Homes marketed 467,300 390,800 311,500 249,500 176,200 Total customers 168,200 135,300 107,100 81,860 57,700 Dual 133,800 105,155 80,100 62,440 44,630 Cable-only 18,450 15,600 13,700 9,750 6,620 Telephone-only 15,950 14,545 13,300 9,670 6,450 Total RGUs (2) 302,000 240,455 187,200 144,300 102,300 RGU penetration 64.6% 61.5% 60.1% 57.8% 58.1% Cable penetration 32.6% 30.9% 30.1% 28.9% 29.1% Telephone penetration 32.0% 30.6% 30.0% 28.9% 29.0%
International CableTel Incorporated January 23, 1997 Page Two (1) "Homes passed" is the expression in common usage as the measurement of the size of a cabled area, meaning the total number of residential premises which currently have the potential to be connected to the Company's network. Homes passed does not include approximately 100,000 cable-only homes which are included in the Company's homes passed that count toward its OFTEL milestones. (2) An RGU (revenue generating unit) is one cable television account or one telephone account; thus, a dual customer counts as two RGU's. * June 30, 1996 data has been restated to reflect current period presentation. In October, the Company announced a new organizational structure integrating CableTel, and its local telephone, cable television and internet businesses with NTL, and its national telecommunications and television transmission businesses. Five major business divisions were created for the combined CableTel/NTL: Local Telecom and Television Services, National Telecoms Services, Internet and Information Services, Broadcast Services, and National Media Services. ***** For further information contact: Michael A. Peterson, Director-Corporate - ------------------------------- Development or Richard J. Lubasch, Senior Vice President-General Counsel at (212) 371-3714. -----END PRIVACY-ENHANCED MESSAGE-----