Bulgarian Mobile Affiliate of Telekom Austria Posts Loss in Profits

CompaniesTelecoms ♦ Published: May 9, 2014; 13:41 ♦ (Vindobona)

In the first quarter of 2014 revenues of Mobiltel, Bulgarian mobile operator and affiliate of Telekom Austria, dropped 6.4 percent year-on-year.

Bulgarian mobile operator Mobiltel saw a decrease in quarterly revenues. / Picture: © Vindobona.org

Total revenues in the first quarter this year came at € 91.2m, which is a decrease by 6.3 percent year-on-year while EBITDA (earnings before interest, tax, depreciation and amortization) declined by 5.8 percent to € 37.1m. EBIT (earnings before interest and tax), declined 9.0 percent.

According to Telekom Austria, the results are an improvement compared to the double-digit…