Multimedia moves

Multimedia Polska (MP), one of Poland's biggest providers of triple-play services, saw revenues of zł.119.2 million and a zł.16.6 million net profit in Q3, amounting to y/y growth of 13 and seven percent, respectively.

The Q1-Q3 period brought the firm 14 percent y/y growth in revenues (reaching zł.350.2 million), while net profit remained at the same level as last year (zł.43.3 million).

Earlier this month, the company took over a minor telecommunications operator located in Stalowa Wola, which has around 100 corporate clients. A representative for MP told WBJ that acquisition talks were being held with firms all over Poland.

The company is being cautious with acquisition plans, however, claiming that there are too few operators in the market that possess technology which is advanced enough for an investment to guarantee a profit. MP had previously said it could make five to six acquisitions this year and was in talks with 30 firms.

In the meantime, MP has concentrated on organic growth, and by the end of September had increased its subscriber base to 647,000 - 21,000 more subscribers than it had a year earlier. The firm sold 40,000 service packages over the Q3 period, to reach a total of 1.082 million in the end of September.

"We have seen growth in the number of service packages sold and revenues in all segments,"  Andrzej Rogowski, the president of MP's management board, told the press.

The broadband internet segment saw the highest growth - the number of subscribers grew by 37 percent y/y in Q3, while revenues from broadband subscriptions grew by 34 percent. Meanwhile, revenues from television subscriptions grew by 13 percent y/y and revenues from telephony services segment increased by three percent.

MP also spent zł.58.1 million on investments in Q3, mainly on the expansion and modernization of its infrastructure.

According to Rogowski, full-year results for 2008 should bring a 15 percent revenue growth.