Telekom Austria has reported group revenues of EUR1.049 billion (USD1.331 billion) for the three months ended 30 September 2014, up 1.2% year-on-year. EBITDA for the July-September period increased 15.8% on an annualised basis, to EUR414.6 million, while the company’s net income rocketed 149.2% to EUR127.8 million for the three-month period under review. CAPEX for 3Q14 decreased 14.4% y-o-y to EUR143.6 million.
The telco credited its improved fortunes to ‘better trends’ in Austria as well as strong growth in Belarus and the ‘Additional Markets’ segment (Serbia, Slovenia, Macedonia). Telekom noted that Belarus delivered a strong performance on the back of inflation-linked price increases in 2013 and 2014. Finally, the telco noted that the previously announced merger of Mobilkom Liechtenstein with Telecom Liechtenstein concluded on 27 August 2014, resulting in a positive one-off effect on EBITDA comparable to EUR26.8 million.