Polish service provider Netia managed to arrest a year-on-year decline in revenue in 2016, posting revenues of PLN1.522 billion (€352 million) for the year, down 3%. The 2015 financial year had seen a fall of 10%.
However, EBITDA for the full year was PLN447 million, down 5% year-on-year.
Netia said its decrease in revenue was down to losing revenue-generating units served via third-party networks.
Netia saw steady growth in take-up for its TV service, ending the year with 182,000 TV subscribers, up 5,000 in the fourth quarter, and average revenue per customer of PLN56.
Next-generation access broadband subscribers increased by 14,000 in the fourth quarter, ending the year at 181,000.
Business-to-business revenues also helped boost the company’s performance, delivering a 3% increase to PLN185 million thanks to an improvement in wholesale traffic.
Chairman and CEO Tomasz Szopa said that he was happy with the solid results achieved in the face of strong competition. He sid trhat the number of services sold had increased and that Netia’s investment in its infrastructure was paying off.
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