Croatian IPTV growth continues
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ThE MaStEr
2010-10-29
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Croatian IPTV growth continues
By Chris Dziadul
October 29,
The Croatian incumbent telco T-HT ended the third quarter with 271,382 subscribers to its IPTV service MAXtv, an impressive 43.3% increases on the corresponding period last year.
At the same time, its ADSL line total rose by 13.9% to 600,182 and T-Com posted internet revenue growth of 19.9% in the first nine months of the year, reaching a figure of HRK1,016 million (€138.1 million).
T-HT’s overall business was nevertheless hit by the recession and special taxes, with revenues down by 3.2% to HRK6,320 million; EBITDA down by 6.4% to HRK2,858 million; and net profit by 15% to HRK1,484 million in the first nine months of this year.
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