Declining fixed segment drags TP revenues down 3.4%

27 Apr 2012

Polish broadband and wireless provider Telekomunikacja Polska (TP Group) has reported a 3.4% year-on-year fall in revenues for Q1 2012 as limited growth in the wireless sector failed to offset falling revenues from the fixed segment. TP revenues for the three month period ended 31 March 2012 totalled PLN3.521 billion (USD1.114 million); income from fixed line operations was down 5.4% y-o-y to PLN1.927 billion, whilst mobile revenues increased 0.3% to PLN1.861 billion. TP’s earnings before interest, tax, depreciation or amortisation (EBITDA) also dipped 5.9% compared to the same period last year, to PLN1.224 billion, with an EBITDA margin of 34.8%.

TP’s wireless service, marketed under part-owner France Telecom’s (FT’s) Orange banner, saw an increase in its customer base to 14.612 million, (6.927 million post-paid, 7.685 million pre-paid) up 193,000 from Q1 2011. Wireless broadband accesses, meanwhile increased 33.6% y-o-y to 800,000. Further, the number of smartphones in use increased by 30.8% against last year to 2.3 million, and generated 40% of Q1 2012 post-paid sales and retentions, compared to 28% in Q1 2011. In the fixed segment, broadband access grew 2.2% y-o-y to 2.348 million whilst pay-TV subscribers rose to 663,000 from 577,000 a year earlier. Fixed voice telephony lines continued to fall, dropping 11.5% y-o-y to 5.484 million.

Poland, Orange Poland, Orange Poland (now Orange Polska)