Poland’s leading alternative telco Netia is hoping new cable activities will arrest a sharp fall in its RGU total.
Results published by the company show that it ended the third quarter with 2,361,457 RGUs, compared to 2,560,019 a year earlier.
This was in large part due to a fall in fixed voice services and intense competition in the telecom market.
However, it was to some degree offset by growth in Netia’s TV business, with former Aster cable networks, acquired from UPC, expected to impact positively on the results in the current (fourth) quarter.
Netia ended the third quarter with 133,940 TV subscribers, or 20% more than a year earlier.
Thanks to developing TV services in streaming technology and launching services in the former Aster networks, it added 5,074 TV subscribers in Q3, compared to 1,619 in Q2.
The former Aster networks reach around 314,000 households in Warsaw and 106,000 in Krakow.
Netia’s revenues in Q3 were, at PLN413.4 million (€97.8 million), 2% lower than a year earlier.
Adjusted EBITDA was 4% lower at PLN120.3 million.
Its net profit was PLN4.4 million, compared to PLN8.3 million.