Netia reports Q1 loss

7 May 2009

Polish telco Netia has reported a bigger than expected net loss of PLN6.4 million (USD1.94 million) for the three months ended 31 March 2009, narrower than a year earlier thanks to its growing broadband business. Sales in the first three months of 2009 rose 64% over Q1 2008 to PLN375.7 million thanks to its acquisition of Tele2 Polska. EBITDA was PLN69.9 million, more than double the figure recorded in the same period of 2008. Netia’s broadband subscriber base reached 441,226 at the end of March 2009, an increase of 7% on the start of the year. Of the total, 43% received service over Netia’s own copper, fast Ethernet or WiMAX infrastructure. Netia’s voice service customer base (own network and wholesale line rental) reached 1.11 million at the end of March. At the same date the company claimed to be the leader in the rollout of local loop unbundling (LLU) services in Poland, with 137 nodes unbundled and total coverage of 1.37 million lines. By the end of Q1 2009 the company had a total of 4,995 LLU customers: it plans to migrate over 20,000 bitstream and wholesale line rental clients to LLU during 2009.

Poland, Netia