Telekom Slovenije meets expectations, ploughs ahead with broadband investments

29 May 2007

The Telekom Slovenije Group performed according to expectations in the first quarter of this year, posting an operating revenue increase of 6% year-on-year to EUR185.3 million (USD249.3 million), and net operating profit of EUR22.9 million. Capital investments were 76% higher than the same period of 2006, amounting to EUR32.1 million. Domestic fixed line operations received 74% of the investment, with 11% spent on Telekom’s 100%-owned mobile unit Mobitel, including upgrading of its UMTS network to HSPDA technology, and GSM/GPRS platforms to EDGE technology. The other 15% went towards other domestic and international projects. Fixed line and broadband investments in the first three months of 2007 included the construction of a fibre-to-the-home (FTTH) network; in April the first subscribers, in Nova Gorica, were connected to the high speed fibre network, and the telco says it is aiming for 300,000 FTTH customers in ‘the medium-term’. Also in the quarter it introduced commercial VDSL2 technology and began testing a WiMAX network.

Slovenia, Telekom Slovenije (incl. Mobitel)