The Croatian incumbent Hrvatski Telekom (HT) ended 2016 with 401,000 TV customers, or 3.4% more than a year earlier.
Meanwhile, its TV ARPU increased by 1.4% to HRK82 (€11) over the same period.
In its latest set of results, the company notes that ARPU was driven by premium content and enriched exclusive TV content. It also points to the continued growth of satellite TV, an extension of its classical IPTV service.
HT had revenues of HRK6,970 million (+0.7%) in 2016 and EBITDA after exceptional items was HRK2,736 million (+1.7%). Its net profit amounted to HRK934 million (+1%).
Commenting on the 2016 business results and plans for 2017, Davor Tomaskovic, president of the management board of Hrvatski Telekom, said: “We look back at a very successful year, in which we saw an increase of all financial indicators and continued to make substantial investments in infrastructure and company transformation.
“We have fully reversed the falling trends and laid the foundations for growth and, by acquiring a majority stake in Crnogorski Telekom, we have expanded onto the regional market at the beginning of 2017. We will continue monitoring opportunities for regional expansion.
“We will keep our focus on the strategy of growth of Hrvatski Telekom as a leader on the national and regional telecommunications and digital services market.”
