Magyar Telekom adds 12,935 TV subscribers in 2Q 2021

BUDAPEST — Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian telecommunications service provider, today reported its consolidated financial results for the second quarter and first half of 2021, in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU (hereinafter: half-year report).

The MT-Hungary segment operates in Hungary, providing mobile and fixed line telecommunications, TV distribution, information communication and system integration services to millions of residential and business customers under the Telekom and T-Systems brands. The North Macedonia segment is responsible for the Group’s full-scale mobile and fixed line telecommunications operations in North Macedonia.

TV revenues were up 7.5% year-on-year to HUF 14.0 billion in Q2 2021, primarily driven by the further strong expansion of the IPTV subscriber base in both countries of operation.

Summary of key operating statistics

                                                                          2020                  2021
                                    ------------------------------------------  --------------------
                                           Q1         Q2         Q3         Q4         Q1         Q2
                                    ---------  ---------  ---------  ---------  ---------  ---------
MT HUNGARY
 TV services
  Number of cable TV customers        103,081    103,643    103,795    100,574     99,299     99,367
  Number of satellite TV customers    231,912    225,856    218,122    212,004    204,277    198,985
  Number of IPTV customers            844,401    861,794    893,564    925,684    952,585    969,573
                                    ---------  ---------  ---------  ---------  ---------  ---------
 Total TV customers                 1,179,394  1,191,293  1,215,481  1,238,262  1,256,161  1,267,925
 Blended TV ARPU (HUF)                  3,274      3,292      3,288      3,296      3,323      3,338

NORTH MACEDONIA
 Number of IPTV customers             137,368    138,034    140,137    142,495    143,328    144,499