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Naspers Limited
ISIN ZAE 000015889 Share code: NPN
Going forward, Naspers will only release subscriber numbers at six-month
intervals, as at 31 March and 30 September, in line with financial results
announcements.
Where required, the group will release trading updates as required by the JSE.
Shareholders are reminded of the trading update released last week where Naspers
indicated that financial results to September 2003 may substantially exceed
those of the corresponding period last year.
The group ended the quarter with 2 005 338 subscribers, 67% of whom subscribe to
the digital service. The major impact of this period is the traditional churn
experienced during the summer holiday season in some of our markets.
South Africa:
In line with expectations, the South African subscriber base, which is mature,
remained flat for the quarter, ending with 1 043 888 subscribers. Subscribers to
the digital service increased by 14 751 during the quarter, mainly due to
subscribers continuing to migrate from the analogue to the digital service.
Digital subscribers now represent 66% of the subscriber base.
Sub-Saharan Africa:
Certain analogue services across Africa are being terminated. This has resulted
in a decline in the analogue subscriber base by 2 752, to end the quarter with
12 657 subscribers.
The digital subscriber base in sub-Saharan Africa declined by 2 599 for the
quarter to 242 395. This decline is due to a combination of factors, including
the end of the soccer season and churn experienced during the summer holiday
season. Subsequent to 30 June, and following the end of the summer holiday
season, the digital sub-Saharan subscriber base has shown good growth.
Greece:
Greece experienced the usual summer churn, with the analogue base declining by
14 978 and the digital base declining by 3 444 subscribers, ending the quarter
with 101 007 and 136 304 subscribers, respectively. Following the end of the
summer holiday season, the subscriber base has shown good growth.
Cyprus also traditionally experiences summer churn, with the subscriber base
declining by 5 992 subscribers, to end the quarter with 48 444 subscribers.
Thailand:
UBC increased its subscription fee and ceased broadcasting the Nation Channel
effective 1 May 2003 and as a result has experienced higher churn than normal.
The situation has been aggravated by the continued problem of provincial cable
piracy, with the subscriber base declining by 16 946 subscribers, to end the
quarter with 420 643 subscribers. Subscriber churn stabilised after 30 June.
March June 3 month
2003 2003 movement
Africa
SA - analogue 365 825 350171 (15 654)
SA - digital 678 966 693 717 14751
Total South Africa 1 044 791 1 043 888 (903)
Sub-Saharan - analogue 15 409 12 657 (2 752)
Sub-Saharan - digital 244 994 242 395 (2 599)
Total sub-Saharan Africa 260 403 255 052 (5 351)
Total Africa 1 305 194 1 298 940 (6 254)
Greece - analogue 115 985 101 007 (14 978)
Greece - digital 139 748 136 304 (3 444)
Cyprus 54 436 48 444 (5 992)
Total Med 310 169 285 755 (24 414)
Thailand - analogue 145 687 140 433 (5 254)
Thailand - digital 291 902 280 210 (11 692)
Total Thailand 437 589 420 643 (16 946)
TOTAL 2 052 952 2 005 338 (47 614)
Analogue 697 342 652 712 (44 630)
Digital 1 355 610 1 352 626 (2 984)
Date: 11/09/2003 02:17:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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