Slovak Telekom’s revenues, EBITDA edge down y/y in H1

The consolidated revenues of Slovak Telekom group fell by 0.7% y/y to EUR365.5m in H1. The EBITDA edged down 0.2% y/y to EUR157.7m in the first half of this year. The company comments that the results took into account for the first time the IFRS 15 standard, which partially explains the decrease in revenues. Another factor is the regulation of roaming. When various external factors are excluded, revenues would have remained flat and EBITDA would have increased by 2%. The number of mobile customers increased by 3.8% y/y to 2.32mn at end-June, Deutsche Telekom said. The number of fixed network access lines rose by 0.5% y/y to 859,000. The total number of broadband customers went up 6.8% y/y to 532,000.

Slovak Telekom, owned by Deutsche Telekom, is the country’s dominant telecommunication company. Its group offers fixed network services, mobile communication services, internet connection, digital and cable television services, comprehensive IT and ICT solutions including cloud services, internet content and security services.

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