Despite increasing its TV subscriber base, tough competition and the current economic climate saw Hungarys Magyar Telekom report a second quarter revenue decline of 6.9%. EBITDA was also down by 11.8%.
The T-Mobile owned telco and cable operator reported 546,000 TV customers at the end of June, up from 433,671 a year earlier, with growth coming from its newly launched DTH platform and continuing take-up of its IPTV service. Magyar TelekomÂs DTH subscriber base reached 87,748 at the end of June and its IPTV base increased to 44,031 from 15,569 a year earlier, but the number of cable subscribers declined by 4,000 to 414,002.
Revenue from TV services for the half-year reached HUF9.5bn (Â35m), up 17.7% on the previous year. However, total fixed line revenue was down 10.3% to HUF156bn.