It's been a busy day, but here are a few midnight musings:
ONO Q3 results - Decent EBITDA, but oh dear, the churn rate of 21.9% is a marked deterioration. I didn't get a chance to listen to the call, but will do so ASAP. It's tempting to assume that this is merely household destruction reversing the trend of household creation in Spain, but it's unclear to me now. Bonds were weaker on the results, and I assume the halls of Telefonica HQ echoed with nervous laughter today.
Dutchness - Regarding yesterday's post on the Netherlands and related themes, there have been a number of comments to the blog and also offline. One of the latter, from a mega-uber value reader who prefers anonymity, suggests that the core network traffic data analyzed by Andrew Odlyzko excludes, to an unquantifiable extent, the local and quasi-local traffic generated by edge applications, which is presumably a major incremental issue for last mile providers.
I agree this is an issue, but unfortunately not easily monitored, as is also the case for bilateral peering of traffic between major incumbents. My crypto-mega commenter also cites raw throughput as something of a red herring in isolation - preferring to focus on performance measures such as latency. This is reasonable and also seems consistent with what I have heard previously from the OFCOM Consumer Panel on potential new definitions for performance metrics. Seems to me there is an opportunity for someone to come up with a sort of reverse DPI application for broadband users, to monitor and report local network conditions for analysis (I first heard this idea suggested by Jonathan Zittrain in late 2006 on a panel we shared, and I still think it's great.).
Meanwhile, KPN issued a press release to calm people down, and friend Vincent Dekker produced an interesting map of fiber in the Netherlands (