Telekomunikacja Polska Group (TP) has recorded a 3.8% fall in revenues year-on-year, on the back of a 6.6% decline in fixed line revenues. TP posted revenues of PLN3.679 billion (USD1.170 billion) for Q3 2011, with mobile revenues contributing PLN1.947 billion compared to PLN1.943 billion in Q3 2010. The increase in mobile revenues failed to offset the decline in income from the wireline segment which fell to PLN2.001 billion, from PLN2.218 billion in the previous year. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter were PLN1.4 billion, with an EBITDA margin of 38.1%. Net income for the three month period was PLN376 million.
Fixed line losses were caused by declining subscriber numbers and made worse by falling average revenue per user (ARPU), which fell from PLN49.0 per month in Q3 2010 to PLN47.3 in Q3 2011. ARPU declined across the board, but was most noticeable in the broadband and TV market where it fell by PLN5.5 year-on-year. TP’s mobile customers increased by 3.4% year-on-year to 14.6 million, whilst customers signed up to mobile virtual network operators (MVNOs) over TP’s network increased from 52,000 to 83,000 over the same period.