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Customer growth and one-off gains boost Slovak Telekom

6 Mar 2008

Slovak Telekom has posted total revenue of SKK31.5 billion (USD1.5 billion) for 2007, up 3.1% year-on-year, as a 7.8% increase in mobile revenue more than offset a 1.9% in fixed line sales. EBITDA grew 19.3% to SKK16.3 billion while net income almost trebled to SKK6.2 billion. While strong customer growth in the mobile and broadband sectors helped boost the results, net income was affected by one-off gains from the sales of Radiokomunikacie and real estate, as well as the release of reserves following success in a major legal competition case.

Slovakia, Slovak Telekom (ST, incl. DIGI)

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