The Polish cable operator Multimedia Polska is adopting a “business as usual” approach ahead of its acquisition by UPC Polska.
Commenting on the company’s latest set of results, its president Andrzej Rogowski said that a decision on the take-over is likely to be made by the competition authority UOKiK in the next few months. He also revealed that the company is looking for a buyer for its utility business, something that UPC Polska is not interested in.
Multimedia Polska saw its RGU total grow by 2.5% to 1.69 million in 2016, with most of the increase down to higher take-up of TV and internet services. It ended the year with 783,200 telecom subscribers, with 346,000 opting for one service, 316,000 for two and 121,000 for at least three. ARPU stood at PLN68.4 (€15.8), up from PLN66.8 a year earlier.
Multimedia Polska’s revenues in 2016 amounted to PLN699.2 million, down 0.2% on the previous year. However, TV revenues increased by 3.6% to PLN363.5 million and internet revenues by 0.1% to PLN223.8 million.
TV accounted for over half (52%) of the company’s revenues in 2016, followed by the internet (32%), telephony (13.1%) and other sources (2.9%). EBITDA was PLN341.43 million, down from PLN356.9 million a year earlier, a net revenues amounted to PLN21.5 million.
Multimedia Polska invested a total of PLN224.3 million in 2016.
