Telekom Austria enjoyed modest subscriber growth in all but one of the CEE TV markets it is present in in the second quarter.
In Bulgaria, its TV RGU total at the end of June stood at 470,900 up from 466,600 three months earlier. The corresponding figures in the other growth markets were 196,900 v 194,300 in Croatia and 48,200 v 42,600 in Slovenia, while in Macedonia the TV RGU total fell from 126,300 to 124,600. In its home market, the telco saw its TV RGU total increase from 273,600 to 276,200.
In its latest set of results, Telekom Austria gave a timeline for the rollout of its OTT TV streaming service Now. It trialed on A1 in Austria and launched on Mtel in Bulgaria in April and will fully launch on A1 and sift launch on Croatia’s Vipnet this month. Launches in two additional markets are planned for the fourth quarter.
Telekom Austria also notes that group results in Q2 were mostly driven by continuing positive momentum in Austria. Total revenues amounted to in the quarter €1,030.7 million (+3.5% y-o-y) and EBITDA €329.3 million (+2.9% y-o-y).
Commenting on the results, CEO Alejandro Plater said: “The third quarter in a row we deliver numbers above market expectations. While revenues and EBITDA decline due to changed reporting standards, we see group wide increase of our customer base. Including our recent mergers and acquisitions Telekom Austria Group shows top line growth by 2.3% and EBITDA increase of 1.3%. As the market environment for the whole industry will continue to change we raised our investments by almost 20% to maintain future growth potential”.
