Forthnet ended the third quarter with 504,441 subscribers to its pay-TV services in Greece, or 20.2% more than in the same period last year.

Its triple play customer total meanwhile stood at 355,862, a 41.3% increase on a year earlier.

Total subscriptions stood at 1,177,651 (+14.4%), with the number of unique households being 821,789 (+5.7%).

Forthnet’s revenues in Q3 amounted to €91,865,0000, down by 2.5% on the same period last year, while its adjusted EBITDA was €15,587,000 (-2.2%).

The company notes that the rollout of triple-play services is expected to be the main driver for the pay-TV market in the future.

Commenting on the results, Panos Papadopoulos, the company’s CEO, said: “Forthnet is proving its resilience to the negative trends the domestic telecommunication sector faces and it continues to outperform the market. Our differentiated strategy allows us to stabilize our financial performance and improve our subscribers’ base”.