Multi-play boost and mixed results for Multimedia Polska

Multimedia PolskaPolish cable operator Multimedia Polska added 46,000 revenue-generating units in the year to the end of September, taking its RGU total to 1.58 million.

The operator had 821,200 customers at the end of the quarter, of which 303,200 took two services and 129,400 were triple-play customers.

The RGU increase was boosted by the acquisition of Teletronik at the end of 2013 as well as the launch of an MVNO and the introduction of electricity supply as one of the services offered by the company. Average services per customer increased from 1.86 in September 2013 to 1.92 in September 2014.

Revenue for the nine months to September amounted to PLN526.5 million (€124.4 million), up only 0.5% year-on-year, with a decline in phone revenues offsetting an increase in broadband revenues. Migration from analogue to digital TV packages produced revenues of PLN261.6 million from TV, up 0.6%. Basic TV RGUs numbered 768,500, including 316,000 digital RTV subs.

Multimedia Polska reported adjusted EBITDA of PLN262.8 million for the nine months to September, down 1.3%, pushed down by higher sales and marketing costs.