10.30 Europe/London, September 2, 2011 By Chris Dziadul
Poland’s third largest cable operator Multimedia Polska will unveil its strategy, which will in large part be determined by the competition authority UOKiK’s decision on Liberty Global’s proposed take-over of Aster, within the next few weeks.
The news was given by Andrzej Rogowski, quoted in Parkiet, as the company announced its latest set of results.
Multimedia Polska has one of two options: either continue to expand through the acquisition of smaller players or invest heavily in infrastructure.
Multimedia Polska ended Q2 with 795,000 TV subscribers, 159,000 of whom received its digital TV or IPTV services, with the former figure having risen by 100,000 in the previous 12 months.
ARPU for TV services stood at PLN28.6 (€6.09) in Q2, up from PLN25.8 a year earlier.
The operator also ended the second quarter with 379,600 internet and 271,000 voice subscribers.
Investment in H1 amounted to PLN86.1 million, 85% of which went towards increasing coverage and adding new subscribers.
Revenues in H1 stood at PLN303.2 million (+9% year-on-year), and EBITDA PLN157.5 million (+8%).
Net profit was down in both Q1 and H1, in the former instance by 5% year-on-year to PLN35.4 million.