Sales down 4% at Forthnet

26 Apr 2019

Greek telco Forthnet has reported a 4% year-on-year drop in revenues for 2018 to EUR285.2 million (USD317.7 million). EBITDA rose 5.3% to EUR42.3 million. The firm said retail subscriptions were down 5.5% y-o-y at 927,000, with the number of unique households served falling 3.4% to 669,000. Forthnet had 550,000 broadband internet customers at the end of 2018, down 2.2% from a year earlier, while pay-TV users were stable at 478,000.

Greece, Forthnet (Nova)