Net profit slumps 41% at Telekom Slovenije

14 May 2015

Slovenian fixed and mobile operator Telekom Slovenije has reported a 41% drop in group net profit in the first quarter to 31 March 2015, to EUR7.2 million (USD8.1 million) from EUR12.3 million in the same period last year. Revenues dropped from EUR192.8 million to EUR181.1 million over the same period. In a statement, Telekom said: ‘Revenues have been affected by lower call termination prices on the wholesale market, lower revenues from mobile phone services … and declining revenues from traditional voice telephony.’

The Slovenian government is currently in negotiations with private equity firm Cinven over the sale of its majority interest. The privatisation process was first launched last year, with a number of groups coming forward as potential bidders, but by early 2015 just Cinven and German telco Deutsche Telekom (DT) were left in the running; DT eventually announced it had withdrawn its own offer last month.

Slovenia, Telekom Slovenije (incl. Mobitel)