Fixed lines drop reflected in Slovak Telekom's Q1 results

THE SLOVAK Telekom (ST) group, which includes the fixed lines operator Slovak Telekom and mobile operator T-Mobile, recorded a 9-percent drop in net profit for the first quarter of 2006 due to worsening results in the fixed lines market, Pravda wrote.

Revenues from fixed lines decreased by 1.9 percent to Sk3.9 billion, bringing total net profit to Sk180 million, a drop of nearly two thirds compared to the first quarter of 2005.

This caused the group's overall net profits to drop to Sk850 million in Q1, but consolidated revenues increased by 4.9 percent year-on-year to Sk7.3 billion.

Slovak Telekom lost as many as 52,000 fixed lines client over the last year, reducing its total numbers of fixed lines operated to 1.31 million at the end of March 2006.

The company did not manage to offset the lower revenues in this segment with increased income from internet services. The company's revenues from internet services grew by nearly a fifth to Sk440 million. The company connected 68,000 clients to DSL internet over the last year. At the end of March 2006, it had 119,000 DSL internet customers.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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