The company had a total pay TV base of 1.522 million at the end of the quarter, up 3.6% year-on-year after four solid quarters of growth. Additions during the quarter comprised 14,600 fixed access TV customers and 5,000 DTH customers.
Convergent bundles grew by 45,800 to 555,600, representing 36.5% of the pay TV subscriber base and 40.2% of fixed access pay TV subscribers, according to Nos.
Nos said that the successful turnaround of the pay TV base after a long-term trend of market share decline reflects the strength of Nos’ convergent value proposition and successful network expansion and the increased focus and effectiveness of a more proactive retention activity which in turn is driving materially lower levels of churn and higher levels of customer loyalty.
Nos said that the Iris service now accounted for 88% of triple, quad and quint-play subscribers.
Revenues from Nos’s Zap Angolan Pay TV joint venture continued to grow, with Nos’ 30% stake in revenues posting a 23.6% year-on-year increase to €19.6 million. The EBITDA of the stake in Zap declined by 40.6% to €3.6 million, significantly less than the amount generated in previous quarters mainly due to the negative impact of the Angolan currency devaluation.
Nos posted operating revenues of €367.9 million for the quarter, up 5.8%, while EBITDA was €143.5 million, up 7.5%.
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21st November 2019