MTS loses TV subs

November 20, 2013 06.59 Europe/London By Chris Dziadul

MTSRussia’s MTS ended the third quarter with 2,678,000 pay-TV subscribers, or 274,000 less than a year earlier.

On the other hand, its fixed broadband subscriber total rose by 166,000 to 2,385,000 over the same period.

ARPU for residential subscribers to fixed line services in Q3 amounted to R309 (€7), compared to R286 a year earlier, while for corporate clients the figure was R8,661 (R8,051).

The company notes that the residential growth was attributable to the migration of pay-TV subscribers to the digital TV platform, as well as the upselling of broadband subscribers through the modernization of fixed networks in the regions.

MTS as a whole had revenues of R103.4 billion in Q3, up from R99.4 billion a year earlier, thanks to growth in consumption of data and voice services.

OIBDA was R46.3 billion (R44.3 billon) and net income R18.1 billion (R21.0 billion).