Czech Republic’s ADSL customer base is growing and reached already 400,000, TEF O2 CR informed. In the last month, the number of ADSL subscribers increased by 14,000 (3.6%). ADSL service is available over more than 94% of all TEF O2 CR fixed lines.
Our view:
The attractiveness of broadband internet in Czech Republic is indisputable fact as subscribers increased by nearly 50% y/y during first half of the year. However we are concerned that overall broadband services might start to decelerate in coming months being unable to offset the fixed line decline. We see the news as neutral.