TeliaSonera passes 400,000 IPTV subscribers in Q1

April 25, 2008 – Swedish incumbent telco TeliaSonera has announced that it passed 400,000 subscribers to its IPTV services in the first quarter of this year, with total TV subscriber numbers reaching 797,000.

The company reported that in Sweden alone it reached 318,000 IPTV subscribers by the end of March 2008, an increase of 236,000 from the same period of last year.  TeliaSonera reported however that of the 236,000 new Swedish subscribers it gained in the past 12 months, only 14,000 joined in the first three months of this year, and attributed this to increased churn and the national conversion from analogue to digital broadcasting at the end of 2007.  The telco added in its earnings release that it “sees TV as an anchor for new services to households in the future”.

Net revenue for the first quarter of this year rose 7.4% year on year to reach SEK 24.398bn (US$ 4bn), while net profit reached SEK 4.992bn.