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T-Hrvatski Telekom sees growth slow in second quarter

Deutsche Telekom’s Croatian subsidiary T-Hrvatski Telekom had 256,846 IPTV subscribers at the end of June, up 2.4% on the previous quarter (but up 50.6% year-on-year).

In another sign that growth is slowing somewhat, T-HT’s ADSL subscriber base grew by 14.5% year-on-year and 1.8% quarter-on-quarter to 583,556. Revenues from internet services grew by 20.4% TO HRK668m (€92m).

President and CEO Ivica Mudrinic attributed the slowdown to the macroeconomic situation facing the country, but said that the company had managed to slow down the decline in revenue in the second quarter.