T-HT’s revenue down 6.8% in 2013

17 Feb 2014

Croatian full-service operator T-Hrvatski Telekom (T-HT), majority owned by Deutsche Telekom, has reported that its consolidated annual revenues fell by 6.8% to HRK7.04 billion (USD1.30 billion) and net income dropped by 15% to HRK1.44 billion in 2013. T-HT attributed the results to Croatia’s long-term economic downturn, exacerbated by reductions in revenue from international network roaming and domestic wholesale network termination due to regulatory changes to harmonise the country’s framework with the European Union (EU). T-HT also reported that it retained a total fixed line voice customer base above 1.2 million at the end of 2013 – compared to a reported figure of 1.208 million at end-2012 which included 920,000 traditional PSTN lines and 288,000 voice-over-IP (VoIP) connections. Fixed voice revenue was down by HRK100 million, or 21.7%, in 2013, caused by a lower number of retail PSTN mainlines, down 8.7%, and the substitution of fixed services by mobile and internet services, while average fixed minutes of use decreased by 28.9%.

Croatia, Hrvatski Telekom (HT)