Magyar Telekom sees IPTV boost

Deutsche Telekom-owned Hungarian telco and cable operator Magyar Telekom had 971,309 TV customers at the end of the second quarter, up from 963,820 in March and up from 940,871 year-on-year.

The company had 141,120 cable customers, down both quarter-on-quarter and year-on-year, 302,417 satellite customers, down slightly, and 527,772 IPTV customers, up significantly. TV ARPU has grown year-on-year from HUF3,257 to HUF3,350.

Fixed line-revenues remained stable overall at HUF52.7 billion (€170 million), with increases in TV and broadband revenue being offset by declines in voice and equipment revenues. Fixed revenues were boosted by 1.1% for the first half thanks to the acquisition of GTS.

TV revenues increased by 6.2% to HUF 11.3 billion, mainly driven by the growing IPTV subscriber base and ARPU. Sixty-two per cent of the group’s TV revenues now come from IPTV

The company said that growth of the IPTV customer base demonstrated the increasing popularity of interactive television

resulting in higher video-on-demand revenues.