Hrvatski Telekom holds steady
NOVEMBER 2, 2023 06.33 EUROPE/LONDON BY CHRIS DZIADUL

The Croatian incumbent Hrvatski Telekom (HT) ended the third quarter with 538,000 TV subscribers in its home market.

This, according to the company in its latest results, was barely changed (-0.1%) on the 539,000 total a year earlier. However, TV ARPU rose by 2.7% to €12 over the same period. Meanwhile, HT’s Montenegrin subsidiary ended Q3 with 80,000 TV subscribers, or 2% more than a year earlier.

HT Group had revenues of €279.2 million in Q3, or 2.7% more than a year earlier. Its EBITDA AL was €112.9 million (+1.5%) and net profit €43 million (+44.7%).