US independent telco Consolidated Communications has seen its IPTV subscriber base increase 39.7% in the third quarter of this year relative to the same period of 2007 to reach 15,454 customers, and reports 'solid growth' for its broadband and VoIP offerings in the period.

The company adds that its fixed-line operations in Illinois and Texas saw a decrease of 7.4% in terms of subscribers during the period, while its newly-acquired Pennsylvania operations fell 5.4% by the same comparison. DSL subscriptions however increased 15.8% in the period to reach 89,129 customers, while VoIP lines increased 154% to reach 5,739.

"Our financial results were in line with our expectations with adjusted EBITDA of $47.4 million and a dividend payout ratio of 66.7%, excluding the $1.2 million in service restoral expenses resulting from Hurricane Ike," said Bob Currey, President and CEO of Consolidated Communications. "We continue to deliver solid growth in our DSL, IPTV, and ILEC VOIP offerings [...] The strong reception to our triple play bundle helped drive the ILEC line losses to the lowest rate in two years and 0.8% loss for the quarter."