The Lithuanian Telia-backed incumbent Teo/Omnitel ended the first quarter with 172,000 IPTV subscribers, or 24.3% more than in the same period in 2015.
At the same time, the number of customers receiving its FTTH internet access services increased by 12.2% to 231,000.
The consolidated revenue of Teo and Omnitel for Q1 amounted to €82.5 million, or 2% more than a year earlier (calculating the revenue of both companies taken together.
Consolidated EBITDA of the companies, excluding non-recurring items, jumped to €29.2 million and was 12.5% higher than a year earlier. Meanwhile, EBITDA margin, excluding non-recurring items, for Q1 amounted to 35.4%.
Total revenue for residential customers in Q1 amounted to €45.3 million, with the largest increase (21.2%) being for TV services.
Commenting on the results, Kestutis Sliuza, CEO of Teo and Omnitel, said: “The first three months of joint activities show that the challenges of integration have not distanced the two companies from customers and key business objectives. The planned effect of the synergy has proven itself in practice – two strong players together represent a stronger team”.
He added that customers welcomed the decision to join the forces and the potential of both companies.
Meanwhile in Estonia, the incumbent, also backed by Telia, ended Q1 with 175,000 TV customers, or 5.4% more than a year earlier, while its broadband subscriber total increased by 2.7% to 230,000.