TPSA announces year end results

24 Feb 2010

Telekomunikacja Polska (TPSA) has announced revenues of PLN16.56 billion (USD5.64 billion) for 2009, down 8.8% on 2008. Fixed line sales fell 5.3% to PLN9.86 billion, primarily driven by the regulated fixed-to-mobile price reduction that followed the mobile termination rate cuts on the mobile market. Mobile revenues were down 10.2% to PLN7.75 billion, with a decrease of 9% attributed to regulatory decisions. EBITDA dropped 16.5% to PLN6.28 billion, and the EBITDA margin was down 3.5 percentage points to 37.9%. Net income was down compared to 2008, at PLN1.28 billion, mainly as a result of the EBITDA decline.

At the company’s wireless division Orange, the operator saw its subscriber base fall by 3.3% to 13.71 million. Its post-paid tally grew by 7.4% to 6.624 million or 48.3 percent of the total Orange mobile customer base, and 3G subscriptions were up by 10.2% to 388,000. At the same time, the pre-paid customer base decreased compared to 2008 as the customer base rationalisation process launched early in 2008 was completed. TPSA’s fixed lines in service fell by 6.9% to 8.288 million. The number of broadband customers increased by 8.4% to 2.652 million, while the TV subscriber base grew by more than 300 percent versus 2008 to 372,000 thanks to its burgeoning TV over satellite service. Over 16% of TP Group’s retail broadband customers have the broadband and TV bundle offer from TP.

Poland, Orange Poland