Forthnet tops 0.5m pay-TV subs

Forthnet ended the third quarter with 504,441 subscribers to its pay-TV services in Greece, or 20.2% more than in the same period last year.

Its triple play customer total meanwhile stood at 355,862, a 41.3% increase on a year earlier.

Total subscriptions stood at 1,177,651 (+14.4%), with the number of unique households being 821,789 (+5.7%).

Forthnet’s revenues in Q3 amounted to €91,865,0000, down by 2.5% on the same period last year, while its adjusted EBITDA was €15,587,000 (-2.2%).

The company notes that the rollout of triple-play services is expected to be the main driver for the pay-TV market in the future.

Commenting on the results, Panos Papadopoulos, the company’s CEO, said: “Forthnet is proving its resilience to the negative trends the domestic telecommunication sector faces and it continues to outperform the market. Our differentiated strategy allows us to stabilize our financial performance and improve our subscribers’ base”.

Nova Greece exceeds 500,000 pay TV subscribers

Greek pay TV provider Nova, part of the Forthnet S.A. group, has announced that it now has more than 500,000 subscribers.

Nova started its service by satellite on December 20, 1999. In 2010, Nova was the first company in Greece to offer high definition, and in 2011, the first to offer 3D. Nova, in addition, offers a web TV service, NovaGo.

Nova also offers broadband and provides one or more of its services to more than 20% of Greek households.