German TV growth boost for Deutsche Telekom

Strong growth in Germany boosted Deutsche Telekom’s TV subscriber total in the quarter to June, with additional strong growth in TV subscribers in Greece and mixed results elsewhere in its European footprint.

Deutsche Telekom grew its IPT and satellite TV base in Germany by 2.5% quarter-on-quarter, taking its total to 3.768 million, an additional 27,000 over the three months since March. Year-on-year growth was 11.2%. Germany also saw strong retail broadband growth in the period.

In the rest of Europe, Telekom’s TV growth was a more modest 0.7%, adding an identical 27,000 homes overall to take its total to 3.768 million.

Greece saw the addition of 1,000 TV homes for subsidiary OTE over the quarter, taking the total to 378,000, with growth of 27.7% over the year. In Romania, OTE-owned Telekom Romania added 7,000 TV customers in the quarter, taking its total to 1.421 million.

Magyar Telekom in Hungary added 5,000 TV subscribers taking the group’s TV total in the country to 939,000. In Croatia, T-Hrvatski Telekom’s TV total slipped by 3,000, taking its total to 387,000. Slovak Telekom added 7,000 TV customers to take Deutsch Telekom’s total in Slovakia to 481,000, while Deutsche Telekom’s Czech unit’s TV numbers stayed flat at 2,000.

Globally, Deutsche Telekom posted second quarter revenues of €17.4 billion, up 15.3%, and adjusted EBITDA of €5 billion, up 13.5%.

“We have emphatically confirmed the strong figures from the first quarter,” said Tim Höttges, CEO of Deutsche Telekom. “The transformation of the Group is continuing at full speed in all areas. We are heading in the right direction.”