Telekom: Growing Profit, Falling Revenues

Businessn.a. ♦ Published: August 16, 2012; 16:15 ♦ (Vindobona)

Today, Telekom Austria Group announced its results for the second quarter ending June 30, 2012. Revenues and earnings were down, net income rose by 70.5%.

Telekom: Growing Profit, Falling Revenues / Picture: © Telekom Austria Group

According to Telekom Austira, the first half of 2012 results markedly impacted by heavy competition in major markets and macro-economic headwinds in CEE

The “almost stable Group EBITDA comparable margin reflects effective countermeasures taken in all segments” Telekom Austria announces. Group Revenues decline by 4.9% to € 2,118.3m mostly due to lower revenues in the…