Telekom Slovenije’s revenues climb 2%, but profits drop 19%

22 May 2014

Slovenia’s dominant telecoms group Telekom Slovenije has reported that its revenues climbed by 2% year-on-year to EUR193.9 million (USD265.4 million) in the three months ended 31 March 2014, although it also posted a 19% fall in quarterly net profit to EUR12.1 million. As quoted by Reuters, a Telekom spokesperson commented on the Q1 financial performance: ‘The conditions on the market of fixed and mobile communications remain uncertain… The risk of migration of business and residential users to competitive networks remains elevated.’ The Ljubljana government is in the process of selling a majority stake in Telekom by the end of this year, after three international telcos – thought likely to be Deutsche Telekom, Turkcell and Russia’s MTS – and several financial investment groups expressed their interest in April. The Slovenian group’s subsidiaries include Kosovan telco IPKO, Macedonian operator ONE (including the former Cosmofon), Bosnian altnet Aneks (including BlicNet) and Gibtelecom (Gibraltar). The government hopes to get a sale price for the 75.6% stake of over EUR700 million.

Slovenia, Telekom Slovenije (incl. Mobitel)