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Deutsche Telekom makes European TV gains

Deutsche Telekom EntertainDeutsche Telekom reported a 12.1% year-on-year increase in TV customers in its home market of Germany in the three months ending September 30. 

Announcing its third quarter results, Deutsche Telekom said that its domestic TV numbers – which include IPTV and satellite subscribers – came to 2.38 million customers.

Across its European segment, Deutsche Telekom’s IPTV, satellite and cable TV customer figures were up 8% year-on-year to 3.67 million.

This included: 321,000 TV customers in Greece, up 47.2% year-on-year; 1.397 million TV customers in Romania, up 5.8%; 910,000 TV customers in Hungary, up 4.5%; and 29,000 TV customers in the Czech Republic, up 3.6%.

Croatian TV subscriber numbers were 393,000, up 2.6%, while in Slovakia the figure stood at 461,000, up 5.3%.

“Our TV business has established itself over the last few quarters as a consistent growth driver in our Europe operating segment. As of September 30, 2014, the total TV customer base grew by 4.8% to 3.7 million. The majority of the 167 thousand net additions in total were satellite TV customers, especially in Greece, and IPTV customers, especially in Hungary and Slovakia,” said Deutsche Telekom.

Overall the firm’s Q3 net revenue was up 0.8% year-on-year to €15.6 billion. Adjusted net profit remained was down 2.8% at €800 million. Unadjusted, it decreased 13.9%, which Deutsche Telekom attributed to proceeds from the sale of Bulgarian subsidiaries that had been posted in the prior-year quarter.