TDC reports 4.4% drop in revenue to DKK6.07bn

TDC, Denmark’s leading mobile operator in terms of subscribers, has published its financial report for the three months ended 30 September 2013, reporting a 4.4% annual drop in revenue to DKK6.069 billion (USD1.12 billion), down from DKK6.348 billion in 3Q12, mainly attributed to regulation of international roaming, and domestic mobile termination rates (MTRs) in particular, slashed in 2012 by nearly 68%. The regulatory pressures translated into a 36% reduction in the retail data price, according to TDC. Gross profit also declined by 3.3% to DKK4.448 billion in the period under review, from DKK4.599 billion in the corresponding quarter of 2012, while net profit decreased to DKK533.0 million, a 72.0% decline on the DKK1.902 billion reported in 3Q12. Further, the company limited its y-o-y EBITDA decline to 1.9%, from DKK2.628 billion to DKK2.666 million, by generating savings of DKK436 million.