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Romtelecom, OTE hold firm

August 9, 2012 11.14 Europe/London By Chris Dziadul

The Romanian incumbent Romtelecom has posted a surprise fall in TV subscriber numbers, with the 1,207,461 recorded at the end of June being 1.2% lower than a year earlier.

However, its parent company, the Greek incumbent OTE, points out that this was due to what it describes as “portfolio redesign”, with the number actually rising q-o-q.

Despite the difficult economic situation both in Romania and in its home market, OTE had more than a little to cheer in its latest set of results.

In Romania, TV revenues were up as customers migrated to higher-value subscriptions.

Meanwhile in Greece, OTE’s TV subscriber total (IPTV and DTH) rose by 40.3% year-on-year to 76,345 at the end of June.

OTE posted lower revenues in Q2 (€1,189.1 million, -5.2%) than a year earlier, but its net income rose by 68% to €104.5 million.

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Filed Under: Central & East Europe, Newsline Tagged With: Greece, OTE, Romania, Romtelecom Edited: 9 August 2012 11:14

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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