The Croatian incumbent Hrvatski Telekom (HT) saw a modest increase in its TV customer base in the first nine months of this year.
The company’s latest set of results show that it ended September with 493,000 in its home market, or 0.5% more than in the same period in 2019. However, its TV ARPU fell by 0.9% to HRK85 (€11.2).
In its Montenegrin subsidiary, the number of TV customers increased by 1.3% to 70,000. HT’s total revenues in the first nine months of this year amounted to HRK5,492 million, down 3.9% on January-September 2019. EBITDA was HRK2,306 million (-3.2%) and net profit HRK559 million (-17.5%).
In his comments on the results, CEO Kostas Nebis said that “nevertheless, and despite the challenging environment and outlook HT remains focused on continuing with its investment plan for 2020, supporting customers, business and society to find ways to overcome the present situation and move forward”.
Separately, HT has launched the first commercial 5G network in Croatia. At the moment, it is available in areas of Zagreb, Rijeka, Split, Osijek, Samobor and Sveta Nedelja.
Nebis added: “The commercial start of the 5G network is a big milestone for Hrvatski Telekom, but also for the entire telecommunications industry in Croatia, because today we present the network of the future. With the 5G network, we will enable a number of innovations that will allow for the development of the Croatian economy and society. Today we are laying the foundations of the future, and I am proud that Hrvatski Telekom is once again pushing the boundaries and setting new standards. With this technological breakthrough, we continue to build a world of better opportunities based on innovation, technological progress, and enabling the opportunities that digitalisation offers to all”.
