Telekom Austria Group shows a revenue growth by 7.7 percent year-on-year to EUR 2.536 billion for the first six months of this year which is driven by continued growth of international mobile revenues and the consolidation of Belarusian mobile operator Velcom. Its operating income falls 4.9% to EUR 389.9 million due to higher depreciation and amortization charges, and the net profit dropped 18.6% to EUR 226.0 million due to higher interest expenses mainly as a result of the acquisition of Velcom. Due to the inclusion of Velcom and the launch of Vip mobile in Serbia and Vip operator in Macedonia during the fourth quarter of 2007, mobile subscriber base grew by 52.5 percent year-on-year to 16.5 million. Mobile Communication segment, revenues and EBITDA are expected to grow by about 10 percent due to strong international operations, primarily driven by the consolidation of Velcom in Belarus as well as improving results from the start-up operations in Serbia and Macedonia.
Wireless Federation » Telekom Austria net profit slipped 18.6%, subscriber base grew by 52.5% (Austria)
Telekom Austria net profit slipped 18.6%, subscriber base grew by 52.5% (Austria)
- August 20th, 2008
- 12:23 pm
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