Forthnet’s pay-TV subscriber total in Greece and Cyprus stood at 457,305 at the end of 2019.
This, according to the company’s latest set of results, was 4.3% fewer than a year earlier. Meanwhile, the total number of subscriptions fell by 3.7% to 892,850 over the same period. Forthnet’s retail telco/pay-TV revenues in 2019 amounted to €179,198,000, or 8.9% less than a year earlier. Total revenues fell by 7.9% to €262,7822,000.
Commenting on the results, CEO Panos Papadopoulos said: “For another year, in 2019 we proved our resilience despite the adverse conditions in which we operate. We managed to maintain our strategic position in the pay-TV market and in the premium exclusive content, especially after the renewal of our cooperation with Euroleague up until 2023 while at the same time we have improved our performance regarding broadband services where we are now showing growing trends.
“At the same time, based on our MVNO agreement signed in the summer of 2019, we continue our extensive work towards the complete coverage of Greek household’s needs for entertainment and communication by adding mobile telephony to our service portfolio.
“Finally, during all this period, we are fully supporting the process of finding an investor for the exposures of our bank lenders, not only by covering all the relevant information requests we received through our bank advisors, but also by actively approaching and informing potential investors”.
