TV growth provides some relief for Romtelecom and OTE

Deutsche Telekom-backed Greek telco OTE’s Romanian subsidiary Romtelecom had 1.208 million TV subscribers at the end of September, up 20.4% year-on-year, giving its subscriber base TV penetration of 44%. The figure for TV included satellite and cable customers as well as IPTV subscribers.

The rise in TV customers partially offset a decline in revenues due to the country’s economic circumstances. Romtelecom saw its third-quarter fixed revenues fall 11.8% to €160.1 million.

In Greece, OTE’s own subscriber base reached 55,577 at the end of September, up 37.3% year-on-year. However, IPTV growth failed to stem a decline in ADSL subscriber in the quarter of 9,300. Fixed line revenues fell 10.3% year-on-year to €483.5 million.