Portugal’s dominant telco had reached 1.2mn customers for its pay-TV service ‘Meo ‘ (delivered via IPTV and DTH) by the end of September, up 23% from one year earlier, with 41,000 added in the preceding three months alone.
The company adds that broadband and IPTV customers now represent 31.1% and 12.6% respectively of its wireline customer base, which had reached 5mn by the end of September, indicating that its IPTV base now stands at around 630,000.
Portugal Telecom ascribes Meo’s strong growth to a differentiated value proposition which leverages its non-linear pay-TV service offering, a seamless multiscreen experience with live TV channels, video-on-demand, games and music-on-demand available on multiple devices.
The telco’s triple-play customer base (voice, broadband and pay-TV) reached 802,000 by the end of September, up 28% from one year earlier, with 36,000 added in the third quarter.
Total revenues across all operations and markets for the first nine months of this year reached €2.321bn, down 4% annually, while EBITDA fell 6% to reach €1.062bn.
Not revealed in its quarterly earnings was the progress of the mobile TV service it launched last July, which offers 60 live TV channels and video-on-demand titles, using delivery technology from Alcatel-Lucent and content protection from US firm AuthenTec.