Magyar maintains subs growth via acquisition
Magyar Telekom, Deutsche Telekom’s Hungarian subsidiary, is tapping an affiliate’s acquisition to maintain growth in its fixed line subscriber base.
A deal between affiliate Vidanet and cable operators Csorna and Kapuvár offers access to 20,800 households in Western Hungary, and immediately boosts Magyar’s subscriber coffers by bringing in 11,400 cable, 4,500 broadband and 4,500 voice subscribers.
Infrastructure acquired is described as “the latest”, and the business generated EBITDA of 275 million Hungarian Forints (€900,340) in 2011.
Magyar’s fixed voice subscriber numbers fell 4.3% to 1.5 million year-on-year during 1Q12, however its broadband subscriber base grew 8.2% overall to 755,803, and TV customers 6.9% to 803,211.