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TV drives Telekom CEE businesses

November 5, 2015 11.43 Europe/London By Chris Dziadul

Magyar TelekomMagyar Telekom now has close to one million TV subscribers in its home market.

Results published by the Hungarian telco show that it ended Q3 with a total of 949,822, or 4.2% more than in the same period in 2014.

While its IPTV customer total grew by 11.5% to 479,455, both DTH and cable take up was down, by 0.4% and 5.4% to 305,704 and 164,663 respectively.

Blended TV ARPU was, at HUF3,263 (€10.39), 4.3% up on a year earlier. TV revenues as a whole were higher in Q3 than a year earlier due to higher ARPU and customer growth.

Meanwhile, in Macedonia the company’s subsidiary had 100,442 IPTV customers in Q3, or 4.1% more than a year earlier, and in Montenegro the corresponding figures were 61,949 and 1.9%.

Magyar Telekom as a whole had revenues of HUF158,006 million in Q3 (+0.3% year-on-year), while its operating profit was HUF21,261 million (-12.2%). EBITDA amounted to HUF48,928 million (-0.6%).

In Greece, OTE, which is 40% owned by Deutsche Telekom, ended Q3 with 414,000 TV subscribers, gaining 36,000 in the quarter. As of Q3 2014, its TV subscriber total stood at 321,000.

In Romania, OTE’s subsidiary Telekom Romania ended Q3 with 1,432,000 TV subscribers, up from 1,397,000 a year and 1,320,000 two years earlier.

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Filed Under: Central & East Europe, Newsline Tagged With: Greece, Hungary, Macedonia, Magyar Telekom, Montenegro, OTE, Romania, Telekom Romania Edited: 5 November 2015 11:43

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About Chris Dziadul

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