Competitors stopped the march of DIGI

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Amsterdam-based DIGI Communications NV published its first quarter business report, and its subsidiary, DIGI Távközlési Kft., Is one of the key players in the Hungarian telecommunications market. The company has recently been in the spotlight mainly due to its presence in the mobile market and its vision, and due to the acquisition of Invitel in strange circumstances – the first seemingly unbroken soaring quarter.

Based on the business report, DIGI Távközlési Kft. (Later DIGI) had to reckon with a smaller or larger decrease in the number of subscribers in almost all segments in the period from January 1 to March 31. Thus, the number of the company's fixed-line Internet subscriptions decreased by 0.5 percent to 749 thousand by the end of the quarter, and after a 2.5% decline in fixed-line phone subscriptions, the number of endpoints was 672 thousand. The camp of satellite TV subscribers decreased by 7.7% to 252 thousand, only the number of cable TV subscribers was able to keep the number of cable TV subscribers, 692 thousand endpoints (RGU) remain here.

At the same time, the average revenue per subscriber (ARPU) decreased in almost all segments, by 6.1% for cable TV subscriptions, 16% for landline telephones and 16% for satellite subscriptions. 7.7%. In terms of average sales, only one area, the fixed-line Internet subscriptions segment, was able to show a small increase (2.4%).

It is worth treating the mobile area separately, where DIGI has been present since May last year. service. DIGI Mobil's customer base reached 122,000 subscriptions at the end of the quarter, but as this case is a very well-priced test service, at the revenue level this segment is practically incomprehensible to the service provider – DIGI does not even publish the average sales revenue per subscription for mobile subscriptions. data. At the same time, it is telling that the entire segment generated only 200,000 euros in sales revenue for the service provider in the first quarter.

DIGI's quarterly sales in Hungary fell from 55 to 52.3 million euros in the first three months of the year. exchange rate effects, more specifically the forint, which weakened significantly against the euro. The business report also covers the effects of the new coronavirus epidemic, according to the report, business operations in Hungary were not affected by the appearance of the infection. However, according to the company, the exact economic impact of the epidemic is currently difficult to assess, so be prepared for the possibility that a pandemic could cause serious damage to the group of companies.


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