The Polish alternative carrier Netia is expected to announce the launch of an IPTV service tomorrow (Tuesday, November 8).
It will enter a market already served by the incumbent telco TPSA and Dialog and is, according to one local report, likely to invest over PLN250 million (€56.9 million) on the project in the next three years.
Netia lists Third Avenue Management (19.90%), ING OFE (12.28%) and SISU Capital Ltd (11.34%) as its main shareholders and announced this September that it has agreed to buy Dialog.
Results published by Netia late last week show that the company ended the third quarter with 731,699 broadband subscribers, or 12% more than a year earlier.
They also said that its triple play pilot had been a success and the reach of its NGA network would be increased from 30,000 to 500,000 homes by the end of the year.
Netia’s revenues in the first nine months of 2011 amounted to PLN1,192.1 million, up 1% on a year earlier.
EBITDA stood at PLN299.8 million (+10% year-on-year), while its net profit in Q3 was PLN24.6 million (up from PLN12.9 million in Q2).