Telefonica O2 Czech Republic, a majority-owned subsidiary of Telefonica of Spain, has reported net profit of CZK1.05 billion (USD53.4 million) in Q1 2013, down 35% year-on-year and below a Reuters forecast of net income of CZK1.16 billion, attributable to falling prices and one-time charges related to asset disposals and restructuring fees. Excluding the impact of the one-off charges, the company said net profit would have fallen 10.9% year-on-year, noting that it incurred extraordinary charges arising from the sale of an ‘information line business’ in fiscal 2012 that ‘raised the comparative base and a restructuring charge’ in the first quarter of 2013. Further, the Czech unit reported a 4.4% y-o-y decline in revenue to CZK11.90 billion crowns, a touch below the 11.96 billion estimated in the poll, as mobile revenues dipped by 6.9% to CZK5.68 billion, and fixed revenues fell 5.4% to CZK5.00 billion. On a more positive note, Telefonica O2 CR reported signing up 78,700 net new mobile users in 1Q13, reversing a drop of 3,700 in the corresponding period a year ago, and pushing the total base past five million users.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors