Crnogorski Telekom revenues dip 1.5%

2 May 2012

Crnogorski Telekom, which also offers wireless services under the T-Mobile Montenegro banner, has reported a decline in revenues of 1.5% year-on-year for the first quarter of 2012, attributing the fall to lower income from interconnection as a result of lower mobile termination fees (MTRs) and reduced incoming traffic. Revenues for the three-month period ended 31 March 2012 were EUR26.6 million (USD35.2 million), down from EUR27.0 million a year earlier. EBIT for the period was EUR5.0 million.

Fixed line connections edged up by 0.6% y-o-y to 168,500, whilst ADSL accesses rose to 66,200 and the number of IPTV subscribers increased to 51,800. In the mobile segment, T-Mobile claimed 349,800 subscribers, of which 130,900 were post-paid and 218,900 were pre-paid.

Ruediger Schulz, CEO of Crnogorski Telekom commented that ‘challenging economic environment’ had restricted revenue growth, but remained optimistic that the company would be able to harness its subscriber growth to improve profitability.

Montenegro, Crnogorski Telekom