Eesti Telecom profit falls by 6.4%, may reduce personnel (Estonia)Eesti Telekom, has reported its Q2′08 financial results revealing a net profit of USD10.3 million (EUR6.5 million), a 6.4% fall from June 2007.
Revenues fell to USD158 million (EUR100.1 million), as a result of the reduction in interconnection fees by the state regulator in November 2007.
Eesti also indicated that slowing sales of telecoms equipment had impacted revenues, with the operator also confirming it is to continue its strategy of reducing personnel to cut operating costs. Wireless subscriber figures show a rise from last year, up to 755,000.
