Telekom Austria: Considerable Losses in Croatia

CompaniesTelecoms ♦ Published: May 9, 2014; 15:05 ♦ (Vindobona)

Telekom Austria’s Croatian affiliate Vipnet saw a sharp decline in profits.

Telekom Austria's Croatian division ran up losses. / Picture: © Telekom Austria Group

The EBIT (earnings before interest and taxes), shrank by 54.4 percent to € 5.9m in the first quarter this year. Telekom Austria Group warned about a substantial risk of a possible rise of annual sprectrum fees. As of the end of March, the telecommunication operator has a total of 160,300 clients.

According to the group’s quarterly report, the EBITA (earnings before interest,…