Tusmobil doubled net profit in 2014 to EUR4.4m

27 Apr 2015

Slovenian cellular operator Tusmobil has reported revenues of EUR79.6 million (USD86.5 million) for full-year 2014, up 2% year-over-year. Net profit more than doubled to EUR4.4 million. Tusmobil says it ended 2014 with 294,602 subscribers, which was an increase of some 22,000 on the figure at the start of the year. The cellco claims almost 13% of Slovenia’s mobile sector in terms of users, according to TeleGeography’s GlobalComms Database, sitting in third place in the market behind state-backed Telekom Slovenije and Telekom Austria subsidiary Si.mobil. Tusmobil says its 2G networks covered 98.9% of the population at end-2014, while its 3G infrastructure reached 95.4% of people. The cellco was recently acquired by Slovenian cable TV and broadband operator Telemach, which is itself owned by the US-based investment fund Kahlberg Kravis Roberts (KKR). The buyout, which was thought to have been valued at around EUR150 million, allows Telemach to provide a bundle of fixed and mobile voice and data services plus TV services. Tusmobil is planning to launch 4G Long Term Evolution (LTE) services on 1 June.

Slovenia, Telemach Mobil (formerly Tusmobil)