Swiss IPTV numbers climb 30%
Michelle Clancy | 11-08-2013
Swiss IPTV usage is on the rise, with Swisscom seeing a 30% growth in subscribers to its IPTV platform Swisscom TV in the past year.
The Swiss incumbent's first-half financials indicated that it picked up 208,000 new video subscribers in the second quarter, making for a total of 902,000.
Swisscom said that more than half of its fixed-line broadband customers have also signed up for the IPTV service. Broadband was another bright spot for the company: subscribers grew by 73,000 year on year, to 1.77 million.
Usage of advanced features is up, too: more than 370,000 Swisscom TV customers use a replay function to watch programmes on up to 70 channels for up to 30 hours after first screening.
The good news wasn't enough to prevent a loss, with net income falling 9.7% year-on-year to reach $882 million thanks to increased competition and resulting price pressure.
Even so, the firm said that it was confident about turning things around in the second half of the year.
"We are investing a great deal in our network and for our customers, and are convinced that this will pay off in the long term," said interim CEO Urs Schaeppi, who is stepping in following the recent death of Carsten Schloter. The operator said that it intends to find a permanent replacement CEO by the end of the year.