Telekom Slovenije Q1 net profit falls 46%

1 Jun 2009

Telekom Slovenije has posted a 46% year-on-year drop in consolidated net profit in the first quarter of 2009 to EUR12.9 million (USD18.3 million), which it blamed largely on what it called restrictive regulatory measures, changing market conditions and falling numbers of traditional fixed line subscribers. Group revenues in the three months ended 31 March were EUR197.8 million, up by 6% compared to last year. Slovenian fixed broadband subscribers reached 209,000 at the end of the quarter, up from 181,000 a year earlier, including 18,000 fibre-to-the-home users (up from 4,300). VoIP subscribers increased from 71,000 at end-March 2008 to 115,300 twelve months later, and IPTV customers grew from 53,400 to 95,300 in the same period. The company also reported that the proportion of VoIP traffic among its telephony end-users is gradually increasing and has reached 10%. The telco’s domestic mobile unit Mobitel saw operating revenues shrink from EUR108.4 million in Q1 2008 to EUR99.2 million in Q109, despite total post-paid subscribers growing by 3% y-o-y to 789,000, as voice traffic volume stagnated, and pre-paid users fell to 407,000 from 485,000 a year earlier.

Slovenia, Telekom Slovenije (incl. Mobitel)