Revenues fall at Cesky Telecom

28 Apr 2005

Cesky Telecom, Telefónica’s new subsidiary in the Czech Republic, has announced a 14% jump in first quarter net profits to CZK1.6 billion (USD68.7 million) from CZK1.4 billion in the first three months of 2004, with a series of cost-cutting measures balancing out a fall in both fixed line and cellular revenues. Revenues for the quarter fell 2% to CZK14.7 billion, with wireline sales down 8% to around CZK8 billion and mobile revenues falling 1% to CZK7 billion. Telefónica of Spain recently paid EUR2.7 billion to acquire the state’s 51.1% stake in Cesky Telecom, which is the largest wireline and wireless operator in the Czech Republic.

Czech Republic,O2 Czech Republic (incl. CETIN),

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share