Macedonia deal hits Telekom Slovenije results

11 Mar 2016

Telekom Slovenije Group has announced its financial results for full-year 2015, with net sales dropping 4% to EUR729.5 million (USD827 million). The decline was attributed to the sale of Gibtelecom of Gibraltar in late 2014 and the merger of the group’s Macedonian subsidiary ONE with Telekom Austria’s local unit Vip Operator, which took effect on 31 July 2015 and impacted 2015 revenues by around EUR31 million. The firm said that turnover in its domestic market of Slovenia was stable year-on-year at EUR647.9 million. Group EBITDA climbed 18% to EUR200.8 million, while net profit jumped from EUR1.5 million in 2014 to EUR68.1 million last year.

In operational terms, Telekom claimed 201,516 fixed broadband subscribers in Slovenia at the end of 2015, up only slightly from the year-earlier total of 199,573. Its domestic mobile base climbed from 1.13 million to 1.18 million over the same period, though the number of fixed telephony connections dropped by 5% to 380,478. At the group’s ‘Southeast Europe’ division, which includes operations in Kosovo and Bosnia & Herzegovina, mobile subscriptions were down 1% at 622,143, though fixed broadband user numbers climbed 10% to almost 126,000.

Bosnia-Herzegovina, Kosovo, North Macedonia, Slovenia, Blicnet, IPKO, ONE (incl. on.net and Cosmofon), Telekom Slovenije (incl. Mobitel)