RomTelecom finishes 3Q09 with 831,000 DTH subscribersThursday, November 5th, 2009
ATHENS, Greece — Hellenic Telecommunications Organization SA (OTE Group) [ASE: HTO, NYSE: OTE], the Greek full-service telecommunications provider, today announced unaudited consolidated results (prepared under IFRS) for the quarter and nine months ended September 30, 2009.
OTE Fixed Line
During the quarter, OTE rapidly expanded the availability of its pay-TV services to 21 new urban areas countrywide. In September, OTE announced that its Conn-x TV service would also be available at 2Mbps broadband access connections, allowing more OTE broadband customers access to IPTV services.
The number of direct-to-home TV (Dolce) subscribers rose 49% exceeding 831,000, representing PSTN penetration of 30% and generating a 102% increase in related revenues compared to Q3’08.
A new IPTV project, currently under commercial trial to better identify customer preferences, is to be launched in the coming months, with a host of state-of-the-art features.
Satellite TV Licence Granted To OTE
On August 4, OTE announced that its subsidiary, Hellas Sat, had signed an agreement with the Hellenic Republic for the provision of direct-to-home satellite TV services. With this license, OTE Group will be able to provide pay-TV services through satellite in Greece. Currently, OTE Group’s subsidiary RomTelecom offers DTH satellite TV services in Romania under the brand name Dolce, while Hellas Sat’s services are also used in the transmission of the Bulgarian satellite platform, Bulsatcom.
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