9M sales down 2% at Telekom Slovenije

6 Nov 2020

Telekom Slovenije Group of Slovenia has reported operating revenue of EUR450.5 million (USD531 million) for the first nine months of 2020, down 2% year-on-year. Sales for its domestic telco business were down by the same margin at EUR448.6 million. Group EBITDA fell by 1% to EUR144.6 million, while net profit decreased by 7% to EUR27.4 million. The firm said COVID-19 measures had impacted its performance, resulting in ‘lower revenues from the roaming of users on the networks of foreign operators, the sharp decline in international voice traffic and roaming by foreign users on our mobile networks, and the lower revenues of subsidiaries outside of telecommunications activity’. The Slovenian business saw slight year-on-year declines in fixed voice, broadband and mobile subscriptions.

As reported in CommsUpdate earlier this week, Telekom Slovenije has cancelled the sale process for its Kosovar subsidiary IPKO without providing further details. The telco confirmed that it had ‘halted the sales procedure of its 100% share in the Kosovo-based IPKO Telecommunications … The procedure was concluded without the selection of a buyer and [IPKO] will remain part of Telekom Slovenije Group.’

Slovenia, Telekom Slovenije (incl. Mobitel)