Slovenia’s state-backed fixed and mobile operator Telekom Slovenije Group, which has operations in a number of southeast European markets including Bosnia & Herzegovina and Kosovo, has reported a 5% year-on-year increase in adjusted net sales in the first three months of 2016 to EUR176.0 million (USD200 million). The firm said the pro forma increase was attributable to higher revenues from broadband services, IT services, mobile and fixed merchandise, as well as revenues on the wholesale market. Adjusted EBITDA was up 6% at EUR54.4 million, while net profit climbed 16% to EUR9.8 million. The group also increased the number of users, with mobile subscriptions up 1% y-o-y, the number of TV connections up by 6%, and the fixed broadband customer total rising 5%.
Rudolf Skobe, President of Telekom Slovenije’s management board, commented: ‘The results that we achieved in the first three months of this year reflect the active building up of our position in the integrated ICT solutions market, the optimisation of operations, as well as planned and development-oriented activities. Further, in the year we shall invest intensively in the consolidation of our network, development and implementation of activities for generating new revenue sources.’