Magyar Telekom Sat TV up 35k and IPTV up 14k in 4Q09
Thursday, February 25th, 2010BUDAPEST — Magyar Telekom, part of Deutsche Telekom (Frankfurt: DTE)(NYSE:DT), today reported its consolidated financial results for 2009, in accordance with International Financial Reporting Standards (IFRS).
Consumer Services Business Unit (CBU) – T-Home
Fixed line revenues declined by 2.7% in Q4 2009 compared to the same period in 2008, reflecting the high level of customer erosion driven by the economic recession and migration to IP- and cable-based voice solutions and leading to declining subscription and traffic revenues. In addition, although the number of broadband customers continued to increase, reaching over 595,000, internet revenues decreased by 6.5%, due to declining prices and the increasing migration towards lower priced packages. These negative impacts were partially offset by the 32.8% growth in fourth quarter TV-related revenues, resulting from growth in the customer base. The total number of TV customers by the end of 2009 was 630,000.
The satellite TV customer base has been increased to 156,142 by the end of December 2009 from 5,338 a year earlier and the number of IPTV customers increased by 136.6% by December 31, 2009.
Macedonia (Makedonski Telekom)
Fixed line revenues declined by 13.2% in local currency terms, driven by intense competition from alternative operators and mobile substitution. These, coupled with the unfavourable economic environment, resulted in an elevated annual churn rate and a further decline in outgoing traffic volumes. The voice revenue decline was partly offset by growing internet and IPTV revenues driven by the expanding customer base.
Montenegro (Crnogorski Telekom)
Fixed line revenues declined by 2.0% in local currency terms in Q4 2009 driven by lower voice revenues, partly offset by increasing internet and TV revenues. The decrease in voice revenues was driven by an increasing rate of mobile substitution caused primarily by considerably lower mobile tariffs brought about principally by the entrance of a third mobile operator, which intensified further the competitive environment. On the other hand, both internet and TV revenues grew thanks to an increasing number of ADSL and IPTV customers.
TV customers:
2008 2009 -------------------------------------- -------------------------------------- March 31 June 30 Sept 30 Dec 31 March 31 June 30 Sept 30 Dec 31 -------- -------- -------- -------- -------- -------- -------- -------- Cable TV 420,408 418,102 417,329 422,936 420,825 414,002 409,197 406,841 Satellite 0 0 0 5,338 47,144 87,748 121,563 156,142 IPTV 12,883 15,569 18,580 28,496 37,530 44,031 53,176 67,430 Macedonia 0 0 0 1,952 4,120 5,449 8,301 14,150 Montenegro 9,023 11,087 12,521 17,531 19,309 22,013 24,581 29,612 -------- -------- -------- -------- -------- -------- -------- -------- Total 433,291 433,671 435,909 456,770 505,499 545,781 583,936 630,413
More: Earnings Release
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