Greece’s Forthnet ended the second quarter with a record 509,088 pay-TV subscribers, or 5.5% more than a year earlier, with the main driver for growth being the rollout of triple play.
As of the end of June, 364,727 households received Nova triple play/bundled services, up 5.9% on a year earlier.
However, there were 4,354 fewer new households receiving such services in Q2, compared to 20,873 more a year earlier.
Revenues for the company’s retail pay-TV business in H1 amounted to €69,653,000 (+0.4%), while its total revenues in the period were €182,826,000 (-6.9%). Adjusted EBITDA was €29,172,000 (-9.7%).
Commenting on the results, Panos Papadopoulos, said: “In the second quarter of 2015 the company’s key figures exhibited similar to the first quarter trends. Our subscription base continues to grow on a YoY basis, despite the macroeconomic environment. Under the current conditions we remain conservative and we focus on the quality of the services we provide and the improvement of our cost structure”.
