Slovak Telekom's sales and profits slide, post-paid mobile users jump ship

6 May 2011

Slovak Telekom, a 51%-owned subsidiary of Deutsche Telekom, saw its first-quarter net profit fall by 30% year-on-year to EUR27.1 million (USD39.4 million) on revenues that dropped by 7.1% to EUR213.7 million. The Slovakian incumbent, which offers fixed and mobile services under the T-Com and T-Mobile brands, respectively, said that falling prices were largely to blame for the decrease in sales, a result of tariff regulations and the high levels of market saturation. T-Com sales in 1Q11 were down 4% y-o-y, but revenue at T-Mobile decreased at a higher rate in the quarter, by 8%, as the company witnessed a trend of rising pre-paid subscriber volume at the expense of a shrinking post-paid subscriber base.

Slovakia, Slovak Telekom (ST, incl. T-Mobile, DIGI)