Portugal Telecom’s fixed-line operations received a boost from TV in the second quarter, with pay TV customers up 22,000 during the quarter or 9.8% year-on-year to 1.27 million, despite the country’s economic difficulties and tough competition in the market.
The operator’s triple-play base grew by 31,000 during the quarter or 16.7% year-on-year to reach 894,000.
Residential service revenues were up 2.2% to €179 million despite intense price competition.
Overall, Portugal Telecom posted 2Q revenues of €1.54 billion, down 5.5% and EBITDA of €491 million, down 13.8%.
Oi, the Brazilian operator in which Portugal Telecom holds a 23% stake, saw pay TV subscribers jump 84.8% year-on-year to 900,000. However, Oi’s overall EBTIDA fell by 16.4% as a result of competition and investment costs, dragging Portugal Telecom’s overall performance down.
ICYMI: @BBC hails #UHD live #streaming trial as agreat successa as 1.6m tune in. https://t.co/tOGbmPSdl4 https://t.co/MeFFAbtOB7
20 July 2018 @ 21:00:02 UTC
ICYMI: @comcast drops out of @21CF race to focus on @SkyUK. #TV #Broadcasters https://t.co/3VrtxlDhVP https://t.co/vpVzgCJy79
20 July 2018 @ 20:00:01 UTC
ICYMI: @netflix's summertime blues. #DTVEWeekInView https://t.co/i9Ref59Lym https://t.co/Z0GXc74lDr
20 July 2018 @ 19:00:00 UTC
ICYMI: @virginmedia to drop @UKTV channels. #TV #TVNews https://t.co/m766eVaSet
20 July 2018 @ 18:00:01 UTC
.@ParamountTV fires president Powell for alleged offensive comments. #TV #TVNews https://t.co/O8bMzbtcX8 https://t.co/v8qQdIfzGj
20 July 2018 @ 17:00:02 UTC
