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Romtelecom, OTE grow TV business

August 8, 2014 08.19 Europe/London By Chris Dziadul

Romtelecom, new offices 2011The OTE-backed Romanian incumbent Romtelecom saw its TV subscriber total increase by 6.8% in the year to June 30.

Encompassing DTH, IPTV and cable, the figure stood at 1,384,100 as of the end of the second quarter.

TV revenues were meanwhile up by 4% over the same period. OTE itself had 295,845 IPTV and DTH subscribers in its home market as of the end of Q2, a 69.1% increase on a year earlier.

It added 17,000 customers in just the second quarter.

OTE had revenues of €950.6 million in Q2, a 5.2% reduction on a year earlier.

EBITDA fell by 1.2% in the same period to €342.5 million, while net income increased by 21.1% to €69.3 million.

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Filed Under: Central & East Europe, Newsline Tagged With: Greece, OTE, Romania, Romtelecom Edited: 8 August 2014 08:19

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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