Bulgarian deal drives up Telekom profits

23 Aug 2006

Telekom Austria has reported a massive jump in second quarter earnings thanks to its acquisition of Bulgarian cellular operator Mobiltel. Net profits were up almost 75% to EUR130.9 million, while revenues climbed 16% year-on-year to EUR1.17 billion. Sales at the mobile division rose 33.1% to EUR710.9 million, offsetting a drop in wireline revenues, which fell 1.9% to EUR519.3 million. Telekom’s domestic wireline division had 637,600 ADSL subscribers at the end of June, up 28.8% since June last year. The wireless segment had 9.46 million subscribers, meanwhile, up 89.1% year-on-year. Mobilkom Austria had 3.47 million mobile customers while Mobiltel Bulgaria had 3.86 million, Vipnet Croatia had 1.73 million, and Si.mobil in Slovenia had 392,700.

Austria, A1 Bulgaria, A1 Telekom Austria, A1 Telekom Austria Group