TeliaSonera profits up on lower revenues; IPTV subs bump up 19K

Swedish telecom operator TeliaSonera said it added 19,000 IPTV customers in the quarter ending in June, and grew subscriber ranks by some 131,000 for the 12-month period to 842,000 customers in all markets at the end of the second quarter.

TeliaSonera said more than a third of its broadband users subscribed as well to its pay-TV option.

The operator reported its second quarter earnings today, saying it had seen a net decrease of 1.7 percent in sales to $3.66 billion, but an increase in net profit for the quarter of 17 percent to $706 million, adding that some of its markets that had been worst hit in the recession were showing signs of recovery. Its operations span Northern Europe, Russia and Turkey among other regions.

"Eurasia continued to deliver double-digit revenue growth due to improved macroeconomic conditions in key markets such as Kazakhstan and we maintained or improved our market positions in all Eurasian countries," said president and CEO Lars Nyberg. "In the Baltic countries, some early signs of recovery can be seen in Estonia, although the majority of the improvement can be ascribed to higher equipment sales. The Nordic countries continue to benefit from strong growth in mobile data and within Broadband Services, TeliaSonera launched a version of the popular Spotify music platform through the digital-TV services in Sweden and Finland."

Nyberg said encouraging trends early in the year prompted the company to increase its investments in the second quarter, especially in Eurasia, and that the company would also continue to push fiber and IP in Sweden.

For more:
- see this release

Suggested Articles

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.

CBS is warning viewers that AT&T’s pay TV services including DirecTV, DirecTV Now and U-verse could lose CBS broadcast networks soon if a new agreement isn…

Ultimately, operators will need to begin now to adopt a new data-centric approach, knowing that changes may take years to accomplish.