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: @netflix reports record Q3 customer sign-ups. #SVOD https://t.co/u8i5dp9D95 https://t.co/HdTH9eKOLV
17 October 2018 @ 18:00:02 UTC
SPI International / Filmbox launches Turkish #drama channel. https://t.co/CSMQL8nzul https://t.co/sgtP1PD2u2
17 October 2018 @ 17:30:01 UTC
.@SkyUK, @Google, Rai join @HbbTV_official. #TVNews https://t.co/xOUrqEnvaR https://t.co/isz7Kdkv1n
17 October 2018 @ 17:00:00 UTC
German regulator investigates @SkyUK @daznglobal #ChampionsLeague deal. https://t.co/KLt87YqGYF https://t.co/8zN7zO0prF
17 October 2018 @ 16:00:00 UTC
.@ParrotAnalytics launches Global TV Demand Awards. https://t.co/qh51Cf4Boc https://t.co/6SDoyHVQkA
17 October 2018 @ 15:00:02 UTC
