Deutsche Telekom’s European TV base grows by 4.8%

deutsche telekom-logo-roofDeutsche Telekom’s European TV customer base climbed 4.8% year-on-year in the first quarter to reach 3.92 million customers.

In its interim group report Deutsche Telekom said that the majority of these 181,000 net IPTV, satellite and cable TV additions were customers in Greece, Romania, Hungary, and Slovakia.

“Thanks to innovative TV and program management, the TV business continued its upward trend of the past few quarters: As of the end of the first quarter of 2016, TV revenue increased by 11.2% and accounted for some 20% of the revenue generated in the growth areas,” said the company.

In its home market of Germany, which the operator breaks out separately, the number of IPTV and satellite TV customers grew 2.0% year-on-year to 2.74 million. This marked an increase of 53,000 TV subscribers.

Overall for the quarter Deutsche Telekom reported a 4.7% increase in revenue to €17.6 billion and a 12.9% increase in adjusted EBITDA to €5.2 billion.