Slow Growth for CEE Telecom Sector Expected

CompaniesTelecoms ♦ Published: September 7, 2011; 17:23 ♦ (Vindobona)

Austrian Erste Group: “Seasonality and mobile data growth as key driver in H2 2011. The industry continues to struggle from slow consumer and public spending – Stabilisation to be expected in 2012.”

Slow Growth for CEE Telecom Sector Expected / Picture: ©

“The 2Q11 results showed that a recovery in the sector has not taken place. Most of our covered CEE incumbents, such as Telefónica O2 CR, Telekom Austria, TPSA and Magyar Telekom reported an acceleration of their revenue decline in 2Q11 compared to the previous quarters. Even though the operating performance of the CEE telecom sector is still rather weak, the valuation of the sector…