The Croatian incumbent telco T-HT saw its IPTV subscriber base grow by 74.1% in 2009, ending the year on nearly 236,000. At the same time, the company’s ADSL subscriber total rose by 17.4% to nearly 555,000, while internet revenue was up by 27.7% to HRK1,149 million (€156.9 million).
T-HT’s overall revenues in 2009 were down by 3.1%, EDITDA by 3.8% and net profit by 12.4% to HRK2.2023 million. However, operating cash flow remained strong at HRK2,738 million.
T-HT’s Max TV is one of the most successful IPTV operations in the CEE region.