Orange IPTV & satellite subs soar amidst net profit plunge

In otherwise testing 2014 first-quarter results, Orange was able to report a strong growth in its pay-TV business, including both IPTV and satellite.

In France, its largest market for TV services, Orange reported 5.78 million IPTV and satellite customers in Q2, up 8.5% year-on-year from 5.32 million in Q2 2013. Orange’s Polish pay-TV sub base, meanwhile, came in at 720,000. In Spain, its TV customer base was 91,000, up from 65,000 in the same quarter last year.

Overall Orange reported an increase of 9.8% to 6.77 million IPTV and satellite customers.

However it reported a near one-third plunge in net profit in the first half of the year – but stood by its targets for the whole of 2014

“These results demonstrate the company’s strength and ability to react in market conditions that continue to be very challenging,” says chief executive Stephane Richard. “We’ve maintained our commercial momentum, despite a hyper-competitive environment, largely due to the investments we’ve made in very high-speed broadband, fibre and 4G … It is clear that consumers are not just focused on price but are also sensitive to quality and service.”

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