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Mixed fortunes for OTE and Telekom Romania

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.

The latest results published by the Greek incumbent show that in its home market OTE TV ended 2015 with a combined total of 446,499 IPTV and satellite subscribers, or 26.3% more than a year earlier.

The increase, coupled with higher ARPU – up 26% in Q4 2015 – helped the pay-TV business reach break-even.

Meanwhile in Romania, Telekom Romania ended 2015 with a combined total of 1,452,499 DTH, IPTV and cable subscribers, or 2.7% more than a year earlier. TV revenues increased by 4% during the year, whole those for fixed voice and internet fell by 17% and 3% respectively.

Telekom Romania is now selling exclusive fully convergent offers in order to raise its customer appeal, reduce churn and improve its competitive position.

The OTE group, which also includes Telekom Albania, had revenues of €3,902.9 million in 2015 (-0.4%) and EBITDA of €1,220.5 million (-11.9%).

Its adjusted net income was €240.3 million (-24.3%).

 

source: http://www.broadbandtvnews.com/2016/02/25/mixed-fortunes-for-ote-and-telekom-romania/