This, according to its operator Forthnet, which is now part of United Group, was 1% more than a year earlier.
Forthnet’s retail pay-TV revenues in 2020 were, at €67,414,000, 11.2% down on the previous year, while business pay-TV revenues fell by 7.9% to €22,804,000.
Forthnet’s total revenues were €276,377,000 in 2020, a 5.2% increase on 12 months earlier. At the same time, EBITDA was 50% higher at €55,612,000.
Commenting on the results, Panayotis Georgiopoulos, CEO of Forthnet, said: “2020 it was a landmark year for Forthnet. Through the purchase of the banks’ exposures, United Group, the leading Pay-TV and Telco operator in S.E. Europe, acquired control of Forthnet. The process is expected to be completed within May, as a result of the Company restructuring.
“Nonetheless, 2020 was a challenging year, as the Covid-19 pandemic-related lockdowns affected the activities of the company customers, partners and suppliers. Forthnet, with the support of its shareholders, and, most importantly, of its employees, managed to overcome these obstacles, mitigating the impact of the pandemic on its performance.
“Personally, I am honoured to join the United Group team and drive Forthnet into this new era. We are confident that our sole focus on improving customer experience, centred around innovative subscriptions counted in the methodology of the parent company UG services and technologies, will deliver great value to Greek consumers and businesses”.