The Croatian incumbent Hrvatski Telekom (HT) saw its pay-TV customer base grow by 4% in 2017, ending the year with a total of 417,000.
However, its TV ARPU over the same period dipped by 2.1% to HRK82 (€11).
In its latest set of results the company notes that it launched a new generation of MAXtv services (IPTV and OTT) in 2017. At the same time, satellite TV, alternative TV technology continued to grow with further improvements in offers.
HT also says that its fixed broadband base grew by 1%, while the Magenta1 convergent offer was used by 118,000 consumer households as of year’s end. Meanwhile, FTTx access was enabled for 374,000 households and NGA access availability increased to 58% of Croatian households.
HT now owns the Montenegrin operator Crnogorski Telekom (CT), which saw its TV subscriber total fall by 4.8% to 56,000 in 2017.
The HT group as a whole had consolidated revenues of HRK7,756 million (+11% year-on-year) in 2017, with CT contributing HRK630 million to the total. Group EBITDA was HRK3,138 million (+11.2%) – CT’s contribution being HRK220 million, and net profit HRK863 million (-7.5%) – CT HRK31 million.
Commenting on the 2017 business results and plans for 2018, Davor Tomaskovic, president of the management board of HT, said: “We look back at another successful year and HT’s convincingly leading position in all segments of the telecommunications market. By acquiring Crnogorski Telekom, we have made a major regional step forward, while the Optima-H1 merger has contributed to market stability. We have fully replaced our TV platform, and at the end of the year, 250,000 of our TV customers enjoy watching the TV of the future. We have launched new hybrid tariff plans and hybrid internet access, and Magenta 1 now has 120,000 users who enjoy the world of benefits. We ended the year with the P3 award for the best mobile network in Croatia and one of the best mobile internet services in Europe. I am proud that we are developing into a modern company, focused on the future and growth across all business segments.”
