Time Warner Cable makes good start to Q4

BARCELONA Thu Nov 15, 2012 5:48am EST

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012. REUTERS/Mike Blake

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012.

Credit: Reuters/Mike Blake

BARCELONA (Reuters) - Time Warner Cable (TWC.N), the second-largest U.S. cable provider, has made a good start to the fourth quarter in terms of net subscriber additions, its finance director said.

"We are a few weeks into the quarter and we are a little bit ahead of where we were last year," Irene Esteves told a Morgan Stanley investor conference on Thursday.

"But I would caution that it is very early in the quarter and we are talking about very small numbers of net subscribers on a very large base."

Esteves also noted that in the fourth quarter last year, the group enjoyed a strong increase in net additions in December.

"So I would caution about extrapolating from a few weeks of data," she said of the firm, which is the second largest U.S. cable operator. (Reporting by Kate Holton; Editing by Dan Lalor)

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