Hrvatski Telekom grows TV business
APRIL 29, 2022 06.57 EUROPE/LONDON BY CHRIS DZIADUL

The Croatian incumbent Hrvatski Telekom (HT) ended the first quarter with a total of 535,000 TV customers in its home market.

This, according to the company in its latest results, was 1.1% more than a year earlier.

Over the same period, TV ARPU grew by 2% to HRK86 (€11.4).

Meanwhile in Montenegro, HT’s subsidiary saw its TV subscriber total increase by 5.7% to 75,000 in the year to March 31.

HT Group’s reported revenues in Q1, including Optima Telekom, amounted to HRK1,711 million, or 4.4% less than in the same period last year.

Its adjusted EBITDAal was HRK650 million (+0.8%) and net profit HRK175 million (+250.2%).