Telekom Slovenije meets expectations, ploughs ahead with broadband investments

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.