Hot second quarter revenue was about 235 million euros, down 2.6%

HOT sums up the second quarter of 2019 with a 14.3% decrease in EBITDA compared to the same quarter (18.7% change in local currency), according to reports from Altai (Patrick Altai) of HOT controlling. The quarterly EBITDA amounted to approximately 90 million euros, and the company also notes that it also includes TA - Altis's technician company in Israel. The company's second quarter revenue was about 235 million euros, down 2.6% from the corresponding quarter ( A 7.7% decrease in local currency change.) The company noted that the decline was due to continued competition in the company's operating segments in both the cable and mobile sectors.
Stationary revenues (TV, Internet and telephone) totaled € 135 million, down 9% on the quarter
The corresponding. Mobile phone revenues (HOT Mobile) totaled around € 66 million - up 6.5% year-on-year. Business revenues rose 13% compared to the second quarter last year, amounting to approximately € 34 million.
At the end of the quarter, the number of stationary subscribers stood at 999,000, following a quarterly increase of 6,000 subscribers - double the first quarter of the year when 3,000 subscribers were added. This is despite fierce competition since the entry of Cellcom and Partner into the television field.
The number of mobile subscribers increased by 5,000 subscribers to 1.3 million subscribers. This is a slowdown in the subscription rate, after 7,000 new subscribers were added in the first quarter, but HOT Mobile retains fourth place in Israel in terms of market share with about 15% of all subscribers in Israel.
The Company's investments (CapEx) amounted to approximately EUR 60 million, similar to the corresponding quarter. During the quarter, the company launched for the first time an option of 500 MB.
Since Hot stopped trading on the Tel Aviv Stock Exchange in September 2018, it does not report its results in detail but as part of the Altis Europe reports. The company does not separate the areas in the stationary sector, nor between retail and wholesale customers.