Αρχική iptv-news Magyar Telekom grows TV business

Magyar Telekom grows TV business

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The Hungarian incumbent saw a 4.9% increase in TV customers in its home market in the year to September 30.

As of the end of Q3, the total stood at 1,065,746. Although TV ARPU fell by 1.8% to HUF3,416 (€10.62) over the same period, this was offset by a 2.5% year-on-year increase in TV revenues, which amounted to HUF10.807 million in Q3.

Meanwhile, in Macedonia Magyar Telekom’s subsidiary ended Q3 with 124.113 TV customers, or 8.7% more than a year earlier. TV revenues, at HUF1,035 million in Q3, where 20.6% higher than a year earlier.

The Magyar Telekom Group as a whole had revenues of HUF163,797 million in Q3 (+5.4%), with EBITDA at HUF53,596 million (-6.3%). Its net loss, at HUF5,297 million, was a 1.8% improvement on Q3 2017.

In his comments on the results, Tibor Rékasi, the company’s CEO the company is maintaining a strong focus on its fixed network and is working to achieve its goal of extending fibre coverage to an additional 300,000 households in 2018. Its overall long-term plan is to offer gigabit internet connectivity across the whole of Hungary.

He also revealed that a fifth of the household it provides services to are now Magenta1 subscribers.



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