OTE’s pay-TV business reached break-even on a standalone basis last year, while its subsidiary Telekom Romania continued to operate in challenging conditions.
Forthnet ended the third quarter with 505,344 pay-TV customers in Greece, a 0.2% increase on the total posted a year earlier.
The Greek incumbent OTE will continue with its current investment plan, according to Michael Tsamaz, its chairman and CEO.
The Greek broadcaster Alpha TV has applied for a licence to operate in Cyprus.
Magyar Telekom now has close to one million TV subscribers in its home market.
Greece’s Forthnet ended the second quarter with a record 509,088 pay-TV subscribers, or 5.5% more than a year earlier, with the main driver for growth being the rollout of triple play.
Telekom Romania’s combined TV subscriber total grew by 2.7% in the year to June 30.
Greece’s pay-TV market continues to perform extremely well despite problems in the electronic communications sector as a whole.
Greece’s Forthnet ended the first quarter with 507,331 pay-TV subscribers, a 5.2% increase on the same period last year.
The Greek incumbent OTE has renewed rights to continue broadcasting Formula 1 and Italy’s Serie A until 2017 and 2018 respectively.