Profit Decline for Telekom Austria

CountriesOther Regions ♦ Published: November 14, 2011; 11:18 ♦ (Vindobona)

Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.

Profit Decline for Telekom Austria / Picture: ©

In the first nine months 2011 Group revenues declined by 4.1% to € 3,338.7m driven by a challenging macro-economic environment, fierce competition and further regulatory cuts of roaming and interconnection tariffs. Moreover, the strong performance of the Belarusian operations was overshadowed by the two devaluation steps of the Belarus Ruble. Revenue growth in the Additional Markets…