Net profit of Slovak Telekom group up 0.7 percent y-y

THE SLOVAK Telekom (ST) group, which includes the fixed-line operator ST and mobile operator T-Mobile, earned a net profit of Sk1.8 billion, which is up 0.7 percent year-on-year, largely thanks to T-Mobile, the Pravda daily wrote.

The fixed-line operator saw a 44 percent decrease in profits, to Sk420 million. For several years now ST has been loosing its fixed-line customers in favor of mobile operators. ST lost 32,000 fixed-line connections in this way over the past year. Currently, the number of fixed-line connections is 1.166 million.

On the other hand, the number of clients is rising among mobile operators. T-Mobile, number two on the Slovak mobile market, had 2.034 million clients at the end of June. Its competitor Orange had 2.52 million customers at the end of last year.

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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