Deutsche Telekom’s TV base boosted by Greece, Hungary, Slovakia

Deutsche Telekom ended the third quarter with 3.83 million IPTV, satellite and cable TV customers in Europe, up 4.4% year-on-year.

Announcing its quarterly results, Deutsche Telekom said that the majority of its 162,000 TV additions, compared to the same quarter last year, were in Greece, Hungary and Slovakia.

In Greece, where Deutsche Telekom said its TV offering was “particularly attractive” thanks to its broadcast rights to UEFA Champions League football, it ended Q3 with 412,000 customers, up 28.3% year-on-year.

In Hungary, Deutsche Telekom’s TV customer base climbed 4.3% year-on-year to

949,000, while in Slovakia it increased 6.1% to 489,000 TV customers.

In its home market of Germany, Deutsche Telekom’s TV user base was up 10.7% to 2.61 million.

“Our investments in TV broadcasting rights in many countries of our operating segment gave a substantial boost to demand for our TV products, also thanks to some exclusive content,” said Deutsche Telekom.

“In the first nine months of 2015, broadband/TV revenue increased by 8%such that it now accounts for a quarter of fixed-network revenue. Greece, the Czech Republic, and Hungary, in particular, contributed to this growth.”

Overall, the company’s revenue increased 9.3% year-on-year to €17.1 billion, adjusted EBITDA was up 12.9% to €5.2 billion and net profit was up by almost 60% to more than €800 million.