Zon sees subscriber growth

Portuguese media and telecoms company Zon Multimedia saw the number of  subscribers rise by 17% in its latest financial quarter but also posted a 52% fall in net profit over the quarter.

The operator saw subscribers reach 3.63 million, thanks mainly to a 58% rise in triple play customers. However, net profit fell to €9.3 million (US$11.8 million) after a one-off gain last year by selling a 40% stake in broadcaster Lisboa TV.