Slovak Telekom’s sales, profits slip in 9M11

11 Nov 2011

Slovak Telekom has reported a 5% year-on-year drop in revenues to EUR667 million (USD905 million) in the first nine months of 2011, while EBITDA fell 7.2% to EUR297 million and net income declined by 7.4% to EUR100 million. While the incumbent PSTN operator’s number of fixed lines in service continued decreasing, by 4.1% in 9M11 to 1.03 million, its number of fixed broadband accesses grew year-on-year by 8% to 457,000 at the end of September 2011, and the number of pay-TV subscribers (including IPTV and satellite) over the same period went up by 42% to 153,000. The Deutsche Telekom subsidiary’s total number of mobile customers fell amidst tough competition, dropping 3.7% in twelve months to 2.32 million at 30 September.

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