Netia grows TV business
May 15, 2014 08.00 Europe/London By Chris Dziadul
netia-logoPoland’s leading alternative telco Netia ended the first quarter with 127,247 TV subscribers, 39% more than a year and 6% up on the total at the end of 2013.
However, its broadband customer base of 837,413 as of the end of Q1 was 3% down on a year earlier and 1% lower than at the end of 2013.
This, says Netia, was down to slow market growth and tougher price competition, including cable operators offering multiplay bundles.
The company also says it continued to expand its NGA standard network in Q1, passing an additional 7,000 homes.
The network allows for the provision of a number of services, including IPTV and streaming TV.
Its NGA networks in total covered 1,288,000 households as of the end of March.
Netia’s revenues in Q1 amounted to PLN434.4 million (€ 103.7 million), down 12% year-on-year.
EBITDA was PLN126 million (-9%) and net profit PLN11 million (PLN13.1 million a year earlier).
Netia’s plans to launch services on the former Aster’s cable network in Warsaw and Kraków are well advanced.
Netia acquired the networks without customers from UPC Polska and a commercial debut is expected in Q2.