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Mixed quarter for Hrvatski Telekom

April 29, 2021 08.51 Europe/London By Chris Dziadul

The Croatian incumbent Hrvatski Telekom (HT) saw a sharp increase in TV customer numbers in the year to March 31.

In its latest set of results, the company says it ended Q1 with a total of 542,000 in its home market, a 10.6% increase on 12 months earlier.

However, its TV ARPU fell by 2.5% to HRK82 (€10.8) over the same period.

Meanwhile, HT’s subsidiary in Montenegro saw its TV subscriber total fall by 1.1% to 71,000 in the year to March 31.

Although HT group’s total revenues in Q1 were, at HRK1,658 million, 3.6% higher than a year earlier and EBITDA after exceptional items up 5.3% to HRK646 million, its net profit slumped by 68% to HRK47 million.

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Filed Under: Central & East Europe, Newsline Tagged With: Croatia, Hrvatski Telekom Edited: 29 April 2021 08:51

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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