Spanish cable operator ONO improved margins and costs in the last part of 2007, with fourth-quarter core earnings up 7.3 per cent to E162 million. Operating cash flow turned positive over the year thanks to more efficient management, ONO said, coming in at E106 million after an outflow of E32 million euros in 2006.

Average revenue per user, a closely watched measure of profitability, rose to E52.2 from E51.6 in 2006. ONO saw its overall client base rise 3.7 per cent to 1.86 million in 2007.

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