TP takes hit in market without growth

Maciej-WituckiTV was one of the few bright spots for Telekomunikacja Polska (TP) after a torid 4th quarter that saw the telco’s stock lose a third of its value.

Income at the France Telecom affiliate fell by 86% to PLZ 51 million (€12.22m) from PLZ 358 million one year previous.

“The Polish telecom market started to undergo its most radical change ever, driven by endless MTR cuts and irresponsible price wars in the mobile post-paid market in particular. This is forcing major adaptation at Orange Polska too, because the company’s future is at stake,” said CEO Maciej Witucki. He said the company needed to work in a shrinking market where revenue growth was no longer possible.

The number of fixed lines fell by 10.4% to 5.104 million, while domestic broadband connections at 2.345 million were virtually unchanged.

However, the number of TV customers grew by 11% on the year to 706,000. These divided to 588,000 to the DTH satellite platform and 119,000 to IPTV.

146,000 customers are taking pay-TV packages, 83,000 the new ‘n’ offer and 248,000 are on a triple play pack.