Magyar Telekom saw its TV customer total grow by 6.5% to 1,106,644 in the year to March 31 in Hungary.
However, TV revenues fell by 1.4% year-on-year in Q1 to HUF10,904 million (€33.6 million), while blended TV ARPU was 7.2% lower at HUF3,312.
In its latest set of results the company notes that TV revenues were lower year-on-year due to a slight decline in TV customer numbers and larger discounts related to equipment sales in the comparable period.
Meanwhile, in North Macedonia, Magyar Telekom’s local subsidiary saw its TV customer total grow by 9.4% to 130,255 in the year to March 31. At the same time, TV revenues increased by 15.9% year on year in Q1 to HUF1,062 million.
Magyar Telekom as a whole had total revenues of HUF158,949 million (+5.5% year-on-year) in Q1. EBITDA stood at HUF46,372 million (+9%) and profit HUF3,982 million (-58.1%).
In his comments on the results, CEO Tibor Rekasi said: “In the fixed market, we continue to focus on the rollout of our fibre network, providing an increasing number of households with 100+ MB connections. We continued to see the positive results of this strategy in the growth of fixed line revenue, where – despite the industry-wide trend of declining voice revenues – we grew revenues by 2.1% year-on-year to HUF52.7 billion in Q1 2019. While TV revenues remained broadly stable across the Group, we again succeeded in growing both equipment sales and broadband retail revenues.
“With the strong performance of both our fixed and mobile business lines, we were able to focus on the third pillar of our core business strategy, our FMC customer base. In Q1 2019 we are still the only truly integrated player in the Hungarian market and are taking full advantage of this position to enforce our market presence and prepare for future developments in the market. The Magenta1 offering introduced in 2018, delivering discounted prices for services and related equipment, remains popular with our customers and supports the sustained growth in our Magenta1 customer base”.
