Teo TV customer base continues to grow

Lithuanian telco Teo added 6,100 new TV customers during the first three months of the year. The number of Digital Gala DTT customers increased by 3,900, taking the total to 50,337 and the number of Gala TV IPTV subscribers grew by 2,200 to 58,111.

Revenue from TV services reached LTL8.7m (€2.5m) for the quarter, up 39.5% year-on-year.

Teo added 14,594 broadband subs during the quarter, giving it a total of 319,248 at the end of March. However, fixed line telephony subs losses continued, down 6% year-on-year to 711,193. Total revenue for the quarter was down 6.4% to LTL192m. EBITDA was also down 13.4% to LTL81m.