MTG (Viasat) Q1 2009 Interim Report

Wednesday, April 22nd, 2009
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Modern Times Group MTG AB (publ.) (“MTG” or “the Group”) (Nasdaq OMX Stockholm’s Large Cap market: MTGA, MTGB) today announced its financial results for the first quarter and three months ended 31 March 2009.

Pay-TV Nordic

Viasat Broadcasting’s pay-TV operations in the Nordic region comprise the Viasat DTH satellite broadcasting platform and 21 Viasat-branded pay-TV channels.

6,000 net new premium subscribers were added in the first quarter following the continued growth in the IPTV subscriber base. The number of subscribers with ViasatPlus recordable digital boxes increased year on year to 122,000 (82,000), and from 115,000 at the end of 2008, to represent 18% of the premium DTH subscriber base. The number of multi-room subscriptions increased year on year to 177,000 (136,000), and from 170,000 at the end of 2008, to represent 24% of the total DTH subscriber base.

(000's)                           Mar 2009  Dec 2008  Mar 2008
                                  --------  --------  --------
Premium subscribers                    760       754       752
- of which, DTH satellite              666       676       703
- of which, IPTV                        94        78        50
Basic DTH satellite subscribers         62        69        83

Pay-TV Emerging Markets

Viasat’s Emerging Markets pay-TV operations comprise the DTH satellite platforms in the Baltics and Ukraine, as well as the 11 Viasat channels that are distributed through third party cable and satellite networks to subscribers in 23 countries across Central and Eastern Europe and the United States.

Viasat’s Baltic and Ukrainian DTH satellite pay-TV platforms added 39,000 net new premium subscribers year on year, but the combined premium subscriber base declined slightly compared to the fourth quarter of 2008 following increased churn levels on the Baltic platform due to the weak economic environment in the Baltic countries. The wholesale mini-pay business added a further 1.3 million subscriptions during the quarter and more than 10 million subscriptions year on year.

(000's)                           Mar 2009  Dec 2008  Mar 2008
                                  --------  --------  --------
Premium DTH subscribers                214       218       175
Basic DTH subscribers                   15        11         5
Mini-pay TV subscriptions           37,740    36,469    27,638

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