Greek operator Forthnet reported first quarter revenues down 5.6 percent year-on-year to EUR 91.997 million. The decrease was partly due to the decrease in fixed termination rates (FTR). Adjusting for the accounting treatment of business revenues for which the company act as an agent, the revenue decreased by 5.6 percent. The FTR decrease affected revenues by EUR 1.9 million in Q1. Adjusted EBITDA fell 8.9 percent to EUR 14.555 million mainly as a result of pricing pressure. The operator finished March with 507,331 pay-TV customers, up 5.2 percent year-on-year, and 680,545 broadband subscribers, an increase of 2.6 percent. The total customer base was up 3.7 percent to 1.188 million, and triple-play subscribers rose by 14.1 percent to 369,081. Total bank debt in March stood at EUR 325 million.