Spectator on facebook

Spectator on facebook

Slovak Telecom losing customers

SLOVAKIA's dominant fixed-line telephone operator Slovak Telecom (ST) reported a slump in sales and profits for 2004, mainly because of a falling number of fixed-line customers.

ST's sales for 2004 were down 5.2 percent year-on-year to Sk16.8 billion (€444.4 million). The company's net profit was down 40 percent to Sk2.3 billion (€60.8 million), the Pravda daily wrote.

In 2004 ST lost 41,000 fixed-line customers. At the end of the year ST operated 970,000 fixed lines.

By the end of 2004 Slovak Telecom employed 6,069 workers. Throughout the year it laid off 1,300 people. There will be more lay-offs this year in a bid to increase labour productivity.

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

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.