As of September 30, Hungarian telecom operator Magyar Telekom's TV business has achieved a phenomenal growth in its home market, with more than one million subscribers.
As of the end of the third quarter, its number of users was 1016192, an increase of 3.8% from the same period of last year.
At the same time, the total revenue of the company's television business in Hungary in the third quarter reached 105.44 billion Hungarian forints (33.8 million Euros), an increase of 9.3% compared to the same period of last year, while the average revenue of users of the TV business (ARPU) Also rose by 5.4% to 3479 Hungarian Forint.
The company stated in its latest series of performance reports that on January 1st this year it raised the price of its new television service portfolio launched in November 2016, which has improved its APRU level.
As of September 30, Magyar Telekom’s subsidiary had 114,205 users in Macedonia, an increase of 7% compared to a year ago, and its television revenue in the third quarter also increased by 12.2% to reach 858 million Hungarian forints. . Magyar Telekom's total revenue for the third quarter was H $ 155,381 million (an increase of 8.8% compared to the same period of last year). Its EBITDA was 57.212 billion Hungarian forints (an increase of 12.1% compared to the same period of last year) and its profit was 19.431 billion Hungarian forints (an increase of 56.3% compared to the same period of last year).
The company’s CEO Christopher Mattheisen stated in his comments on the performance: “In the quarter, we re-adjusted our broadband products in the fixed line area and improved our use of network capabilities by increasing download speeds, thereby improving our The preliminary results of the competitiveness are very optimistic: more than 80,000 users have subscribed to new packages, and almost half of them have chosen packages with a speed of 100 Mbps."
“At the beginning of September, we expanded the functionality of Magenta 1, a flagship product of 4-in-1 integrated services according to changing customer needs. In addition to fixed TV, broadband and mobile voice services, users can now perform between fixed and mobile data. This move shows that we will continue to focus on the growth in the number of our active FMC (Fixed Mobile Convergence) users, which currently account for 11% of our total home users, as the only integrated operation in Hungary. Business, we play a unique role in meeting the communication needs of Hungarian families, thereby maximizing the share of telecommunication consumption in household consumption."
"In Macedonia, despite the increase in price pressure on the mobile market and competitors in the third quarter, its EBITDA is still up 4% year-on-year, thanks to the continuous increase in the number of users of mobile broadband and television services and its operations. Savings."
Mattheisen also stated that Magyar Telekom's public goals for the entire year of 2017 remain unchanged.
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