Croatian incumbent hold its own
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ThE MaStEr
2012-04-27
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Croatian incumbent hold its own
April 27, 2012 07.40 Europe/London By Chris Dziadul
Croatia’s incumbent telco T-HT continues to acquire residential IPTV, DTH and cable TV subscribers in what is a highly competitive marketplace and difficult economic climate, ending the first quarter with 325,000, or 8.9% more than a year.
An additional 20,000 business customers (+8.5%) also opted for its TV offer. Significantly, over half (52.7%) of the company’s ADSL subscriber base received TV services at the end of the quarter.
T-HT notes that despite a strong increase in broadband subscribers, the Croatian market remains a significant growth opportunity for the company, with just 46% of Croatian households currently connected to fixed broadband, compared to a European average of over 62%.
T-HT’s revenues in Q1 amounted to HRK1,806 million (€239.2 million, -4.7% year-on-year), while EBIT was HRK437 million (+1%) and net profit after minority interest HRK364 million (+3.7%).
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