Hrvatski Telekom TV customer base down 1.5% in 2015

ZAGREB — Hrvatski Telekom (Reuters: HT.ZA; Bloomberg: HTRA CZ), Croatia’s leading telecommunications provider, announces its audited results for the year ended 31 December 2015.

The Croatian Pay TV market is highly competitive and still growing. The Pay TV market grew by 3% in Q3 2015 reaching 750,275 customers. The leading Pay TV technology in the Croatian Pay TV market is IPTV.

The TV customer base decreased by 1.5% from 393,000 customers at the end of 2014 to 388,000 of customers at the end of 2015 as a result of aggressive competitive bundled offers on the market and regulation.

Satellite TV continues to grow, with further improvements providing more value to the customers, and resulting in 20.6% more customers than at the end of 2014.

Key operational data

                 Q4 2014  Q4 2015  change
                 -------  -------  ------
TV customers         393      388   -1.5%
- Residential        370      364   -1.6%
- Business            23       23   -0.3%

thereof IPTV         333      316   -5.1%
- Residential        312      296   -5.2%
- Business            21       20   -2.9%

thereof Cable TV       6        6   -0.4%
- Residential          6        6   -0.4%
- Business             0        0   -1.4%

thereof Satellite TV  54       65   20.6%
- Residential         52       63   20.5%
- Business             2        3   23.0%