TDC, Danish Telco posted a 1.3% drop in first half revenues to $3.87 billion in compare to the same period last year. This decline is due to the lower revenue from traditional landline telephony, divestment of its International Voice Business and lower roaming prices. This was partially balance by a rising wireless and broadband customer base and the divestment of its Baltic subsidiary Bite. EBITA for the six months ended 30 June 2008 augmented by 2.2% to DKK6.29 billion, allowing the EBITDA margin to rise from 31.2% to 32.3%. Net income dipped from DKK2.88 billion in 1H 2007 to DKK1.48 billion. The decrease related mainly to the one-off gain from the sale of Bite in 1H 2007. At the end of June 2008, TDC’s total customer base stood at 11.6 million. Domestic Customer base dipped by 0.9% to 7.8 million, this is due to fewer landline and dial-up internet customers.
Wireless Federation » TDC reports drop in 1H revenues (Denmark)
TDC reports drop in 1H revenues (Denmark)
- August 18th, 2008
- 7:17 am
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