Poland’s Netia continues to gain TV subscribers despite posting disappointing financial results.
Its latest show that the alternative telco had 128,247 customers receiving its TV services at the end of June, up by 28% from 100,879 a year earlier and 1% on the total in the previous quarter.
The company notes that the 1,619 net additions in Q2 compared to 6,926 in Q1 was due to the planned gradual downsizing of IPTV-based services.
However, it adds that the launch of commercial services on HFC infrastructure in Warsaw and Krakow this August, on networks acquired from UPC Polska, is expected to significantly improve RGU growth in the second half of this year.
Although TV ARPU has been relatively static – PLN37 (€8.8) in Q2, compared to PLN38 a year earlier and PLN36 in Q1 2014 – it is also expected to increase significantly later in the year.
Netia’s revenues in H1 amounted to PLN856.5 million, down 11% on a year earlier.
Adjusted EBITDA was PLN259.5 million, down by 11%, and net profit PLN19.2 million, down from PLN21.7 million.