Slovenia’s Telekom Slovenije has reported that it generated EUR793.1 million (USD1.038 billion) in consolidated revenues in 2012, a decrease of 3.8% compared with 2011, while its annual operating profit (EBIT) fell by nearly EUR1 million to EUR62.3 million. Net profit increased by 28% to EUR43.5 million in the twelve months to 31 December 2012. Revenues from fixed and mobile telephony continued to decline, which the telco offset via a programme to ‘reduce all types of costs, comprehensively restructure operations and optimise processes, with the aim of ensuring the future commercial success and development of the Telekom Slovenije group.’ The statement added that ‘The processes of restructuring and optimisation are not yet complete, but have brought significant savings over the last two years, estimated at more than EUR35 million.’ Telekom Slovenije reported that despite an unfavourable economic environment, the group raised CAPEX by 39% in 2012 to EUR128.1 million, including EUR78.7 million invested in the parent company. Among the most important investments begun in 2012 was the cellular division Mobitel’s project to introduce 4G LTE technology; the group reports that LTE mobile broadband data services will be offered ‘soon’ to Mobitel users, over an LTE network which will initially cover ‘all major Slovenian cities’. It added that the new network will also have a significant impact on the entire convergent network.