Telekom Slovenije sees sales slide 2% in 9M14

24 Nov 2014

Slovenian operator Telekom Slovenije has reported sales of EUR574.1 million (USD711 million) in the first nine months of 2014, down 2% year-on-year, which the firm said was ‘above expectations’ given the continued decline in revenues from fixed voice telephony and also from the mobile segment, where users are migrating to less expensive tariffs. Net profit for the third quarter stood at EUR37.7 million, up from EUR15.4 million a year before.

Meanwhile, the telco’s board has approved its Strategic Business Plan for the 2015-2019 period, saying it will be pushing to maintain its position as the ‘leading integrated communications service provider’ in southeast Europe. The company is forecasting a profit of EUR66 million in full year 2015, with EBITDA of EUR198 million. The Slovenian government is looking to offload its majority stake in Telekom Slovenije early next year, with Deutsche Telekom thought to be the favourite in the bidding race, ahead of four private equity groups: Providence, Bain Capital, Apax and Cinven.

Slovenia, Telekom Slovenije (incl. Mobitel)