OTE continued to grow its TV subscriber base in Q1 in both its home market and in Romania despite difficult market conditions in the two countries.
In Greece, the telco ended March with a total of 149,031 subscribers to its IPTV and satellite services, a 134.7% increase on the same period last year.
Its broadband active retail subscriber total meanwhile rose by a more modest 10.7% to 1,209,955 over the same period.
In Romania, on the other hand, Romtelecom claimed a total of 1,277,494 DTH, IPTV and cable subscribers as of Q1, up 7.3% on a year earlier, while its fixed broadband subscribers numbered 1,217,077, a 5.2% increase on a year earlier.
Romtelecom’s revenues in Q1 were nevertheless 9.2% down year-on-year at €145.5 million, and its operating income (EBIT) 5.1% down at €13.1 million.
OTE as a whole saw its revenues slump by 11.4% year-on-year in Q1 to €1,045.4 million, while its net income fell by 45.6% to €167.5 million.
