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Telekom Austria: challenging times in CEE

August 14, 2014 07.40 Europe/London By Chris Dziadul

VipnetTelekom Austria’s subsidiaries in Central and Eastern Europe had mixed fortunes in Q2, though both Croatia’s Vipnet and Bulgaria’s M-Tel gained TV subscribers.

Vipnet ended Q2 with 162,900, up from 159,800 three months earlier and 149,800 in the same period in 2013.

Meanwhile, M-Tel had 78,800 in Q2, up from 77,300 three months earlier and 73,000 in Q2 2013.

M-Tel nevertheless continued to lose fixed retail broadband customers, ending Q2 with 148,500 (149,700 three months earlier), while Vipnet gained them (121,000 v 115,900).

Vipnet notes that it despite the challenging economic situation in Croatia, it invested €31 million in future technologies in H1, or 6.7% more than in the same period last year.

Its revenues in H1 amounted to €175.8 million (-7.6% year-on-year), while EBITDA amounted to €44.9 million (-26.2%).

However, revenues in its fixed segment grew by 9.8% in H1.

As previously reported in Broadband TV News, Telekom Austria’s latest set of results show the company going into the red.

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Filed Under: Central & East Europe, Newsline Tagged With: Bulgaria, Croatia, M-Tel, Telekom Austria, Vipnet Edited: 15 August 2014 09:46

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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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