Telefonica O2 CR first-quarter net income up 8.6%

29 Apr 2009

Czech incumbent Telefonica O2 CR, which is majority owned by Spain’s Telefonica, has reported net profit of CZK2.65 billion (USD129.2 million) for the three months ended 31 March 2009, up from CZK2.43 billion in the corresponding period of 2008, including a CZK811 million one-off gain from the sale of real estate assets. However, the figure fell short of analysts’ forecasts of net profit of CZK2.73 billion, in a poll conducted by Reuters. The group’s revenues for the period under review dipped 2% year-on-year to CZK15.13 billion, with fixed line turnover dropping 10% y-o-y to CZK2.1 billion in 1Q09 and mobile sales down 3% to CZK9.7 billion in the same period. Telefonica O2 CR had a total of 4.78 million active mobile subscribers at the end of March, a net gain of 0.6% on the same time a year earlier. Despite the poorer than expected performance, the company released no further guidance on its full-year forecasts.

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