The Romanian incumbent Romtelecom has posted a surprise fall in TV subscriber numbers, with the 1,207,461 recorded at the end of June being 1.2% lower than a year earlier.
However, its parent company, the Greek incumbent OTE, points out that this was due to what it describes as “portfolio redesign”, with the number actually rising q-o-q.
Despite the difficult economic situation both in Romania and in its home market, OTE had more than a little to cheer in its latest set of results.
In Romania, TV revenues were up as customers migrated to higher-value subscriptions.
Meanwhile in Greece, OTE’s TV subscriber total (IPTV and DTH) rose by 40.3% year-on-year to 76,345 at the end of June.
OTE posted lower revenues in Q2 (€1,189.1 million, -5.2%) than a year earlier, but its net income rose by 68% to €104.5 million.
About Chris Dziadul
