PT’s Meo ignores economic trends

Portugal Telecom largely ignored the troubles of the Portuguese economy in its third quarter results.

The most recent figures show that pay-TV and broadband services are already available in 55.6% of the residential market. In the third quarter an additional 37,000 net pay-TV homes were added, while broadband accounted for a further 29,000 net additions.

Triple and double play bundles went to a further 11,000 homes.

The Meo pay-TV platform helped increase residential ARPU by 2.8% year-on-year to €31.8 in the third quarter.

Meo offers customers a package of more than 150 TV channels, including exclusive content, HD and 3D channels.