Boom time for Croatian IPTV

By Chris Dziadul

Croatia’s leading IPTV platform MAXtv ended Q1 with 150,953 subscribers, or 167.9% more than in the corresponding quarter in 2008.

Its operator, the incumbent telco T-Hrvastki Telekom (T-HT), also saw its ADSL mainline total rise by 30.6% in the same period to 492,989.

T-HT’s financial performance was equally impressive despite difficult economic conditions, with revenues up 1.7% to €279 million and net profit 6.4% to €79 million.