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.
#Crunchyroll debuts linear block in Brazilian market https://t.co/D12gTaeuwg
20 April 2018 @ 17:00:02 UTC
.@AMC_TV's #SundanceNow streaming service takes Sharon Horgan show https://t.co/fm5XwbBtAm
20 April 2018 @ 16:30:00 UTC
DTVE: #TheWeekinView: @netflix: another stellar quarter in an evolving competitive landscape #SVOD #Disney #Sky hhttps://t.co/pfDQG9y6fg
20 April 2018 @ 16:05:00 UTC
Altice Portugal adds Globo to line-up https://t.co/b39htCgolC
20 April 2018 @ 15:43:36 UTC
.@AmazonStudios to remake #UK hit #Utopia https://t.co/BQhI7whvIk https://t.co/saU5apxyai
20 April 2018 @ 15:00:03 UTC
