Mediacom Communications lost about 3,000 basic video customers in the first quarter, but gains in its high-speed data and telephone businesses helped push revenue and cash flow up in the period.
Mediacom ended the quarter with 832,000 basic video subscribers, but added 17,000 high-speed data customers and 15,000 phone customers. That helped drive revenue to $462.7 million for the period (up 4%) and operating income before depreciation and amortization (OIBDA) up 3.7% to $175.3 million.
Mediacom is the fifth largest cable operator in the United States, servicing customers primarily in small markets in the Midwest and Southeast.
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