T-Hrvatski Telekom grows TV base in tough market

T-Hrvatski Telekom grew its TV customer base by 8.9% in the first quarter, taking its total to 325,000, including both IPTV and DTH customers.

The Deutsch Telekom-owned Croatian service provider’s ADSL base remained flat, rising by only 1,000 to 536,000. The company blamed general economic conditions for its overall performance. Revenues fell by 4.7% to HRK1.806 billion (€239 million), while EBITDA fell slightly to HRK762 million compared with HRK767 million the previous year.