The Hungarian incumbent Magyar Telekom ended the first quarter with 677,932 TV subscribers in its home market, or 34.1% more than in the same period a year earlier.
Its satellite service continues to be the best performing, the customer total of 196,041 being 315.8% up year-on-year. IPTV also registered strong growth (110.4%, to reach 78,980), while cable, though still accounting for the most subscribers, continued to fall (down by 4.3% to 402,911).
Blended ARPU for TV services was also down, falling by 14.5% year-on-year to HUF2,952 (€10.73).
The telco in addition saw impressive growth in cable broadband subscribers, up 18% year-on-year to 160,110, while its fibre optic connections, introduced only last year, totalled 10,815 as of the end of Q1.
Outside Hungary, Magyar Telekom’s operation in Macedonia saw its IPTV customer total grow by 322.1% year-on-year to reach 17,392, while that in Montenegro grew its IPTV base by a more modest 62.1% to 31,295.
Q1 was generally a difficult quarter for the Hungarian telco. Its revenues were, at HUF147.4 billion, 7.5% less than a year earlier, while EBITDA was down by 10.7% to HUF57.7 billion. Net income meanwhile fell by 23.6% to HUF16.4 billion.
