The Croatian incumbent Hrvatski Telekom (HT) saw its TV customer base in its home market grow by 1.7% to 415,000 in the year to March 31.
Meanwhile, its TV ARPU remained stable at HRK81 (€10.9).
In Montengro, on the other hand, HT’s subsidiary Crnogorski Telekom, which it acquired in January 2017, saw its TV customer base fall by 3.3% to 56,000 in the year to March 31.
HT’s EBITDA in Q1, excluding Crnogorski Telekom’s contribution, rose by 0.9% to HRK634 million in the year to March 31. Crnogorski Telekom added HRK50 million, or HRK5 million more than in Q1 2017, to the total.
HT as a whole had a net profit of HRK166 million in Q1 2018, or 11.8% more than a year earlier.
However, its total consolidated revenues amounted to HRK1,798 million or 1.1% less than in Q1 2017.
Commenting on the company’s results, Davor Tomaskovic, the president of its management board, said: “In the first quarter of 2018, Hrvatski Telekom continued to increase key financial indicators. We saw an increase of EBITDA, net profit, and CAPEX, and we will continue on this path. The focus is on investments in infrastructure, as this way, we are creating the foundations for implementation of 5G technology. In March, we were among the first operators in Europe to launch the commercial offering of internet access based on the advanced TeraStream technology concept providing speeds of up to 1 Gbps. The first quarter of 2018 was also marked by the second birthday of Magenta 1, a unique service on the market that integrates the benefits of internet, mobile, and TV content offer, and I am extremely proud that the customers have recognised all benefits of this offering, and that the number of customers is continuously rising. Our focus is on further growth and maintaining of our technological superiority due to the best network, the best TV content offer, and the advanced and innovative services we are offering, which is a prerequisite for the best customer experience and a premium position on the market.”
