GTS Novera operating profit up 13% in 2007

26 Mar 2008

Czech alternative telecoms operator GTS Novera reported gross operating profit of CZK1.04 billion (USD63.4 million) in 2007, up 13% year-on-year on flat sales of CZK5.8 billion, reports the Prague Daily Monitor citing a company statement. Net profit for the year was CZK16.7 million. The company’s chief executive officer Milan Rusnak said the firm had managed to increase profitability and maintain revenue levels, despite ‘the continuing drop in prices’ in the country. GTS Novera was created in 2005 through a merger of Czech alternative operators GTS and Aliatel. In 2006 the enlarged group completed acquisitions of a number of other smaller companies – Contactel, Telenor Networks and Nextra – and proceeded to integrate the operations into its own. Having completed this process, Rusnak said GTS spent much of last year focusing on making the group more cost-effective. It has also increased its strategic focus on the corporate, public administration and local government segments, and says it invested CZK562 million in 2007 (up 4% y-o-y) to improve its networks and services.

Czech Republic