The leading Polish alternative telco Netia had 91,237 subscribers to its TV services as of March 31.
This was 15% more than three months earlier and 48% more than at the same stage last year.
Netia’s broadband base meanwhile stood at 866,077 as of March 31, 1% down on three months earlier and a 5% decrease on Q1 2012.
This was put down to slow market growth and tougher price competition, including cable operators offering multiplay bundles.
Tough completion, coupled with a fall in the number of fixed voice services, also led to a decrease in the number of RGUs, the 2,637,912 as of the end of Q1 contrasting with 2,793,068 a year earlier.
However, Netia expects to see a return to broadband growth later this year and further acceleration in net TV additions.
This will also in due course be helped by its acquisition of the cable operator Aster’s assets in Warsaw and Kraków, which have just been acquired from Liberty Global, though Netia says it will not have a material impact on its results this year.
Netia’s revenues in Q1 amounted to PLN490.7 million (€117.8 million), down 10% on a year earlier and 6% sequentially.
EBITDA was PLN138.6 million (+7% y-o-y and +156% q-o-q) and its net profit of PLN13.1 million contrasted with a net loss of PLN9.8 million in Q1 2012 and a net loss of PLN108.9 million in Q4 2012.
