The Hungarian incumbent telco Magyar Telekom ended Q2 with almost 546,000 subscribers to its TV services in Hungary.
Although its recently launched DTH services T-Home Sat continued to drive take-up, the IPTV platform T-Home TV, which made its debut in Q4 2006, also performed well following a shaky start, while cable, in the shape of T-Kábel, the country’s second largest operator, remained relatively stable.
Total cable customers as of June 30 stood at 414,002 (1% down on Q2 2008), while the numbers receiving satellite and IPTV were 87,748 and 44,032 (182.8% up on Q2 2008) respectively.
Outside Hungary, the telco had 5,449 IPTV subscribers in Macedonia and 22,013 in Montenegro as of the end of Q2.
Magyar Telekom had a difficult first half year financially, with revenues down by 4.5% year-by-year to HUF320.5 billion (€1,104.2 million), EBITDA falling by 9.2% to HUF131.1 billion and net income by 16.8% to HUF44.7 billion.
As a result, the company has been forced to issue a profits warning.
