The Croatian incumbent telco T-HT ended the third quarter with 271,382 subscribers to its IPTV service MAXtv, an impressive 43.3% increase on the corresponding period last year.
At the same time, its ADSL line total rose by 13.9% to 600,182 and T-Com posted internet revenue growth of 19.9% in the first nine months of the year, reaching a figure of HRK1,016 million (€138.1 million).
T-HT’s overall business was nevertheless hit by the recession and special taxes, with revenues down by 3.2% to HRK6,320 million; EBITDA down by 6.4% to HRK2,858 million; and net profit by 15% to HRK1,484 million in the first nine months of this year.