State-owned Telecom Liechtenstein has reported that its annual net revenue fell in 2013 to CHF45.883 million (USD52.112 million), down by CHF4.658 million from CHF50.541 million in 2012, which was mainly attributed to declines in turnover from business customers – including special business projects (-CHF1.8 million), wholesale clients (-CHF1 million) and operations at subsidiary Deep AG (-CHF 1.4 million) – while revenues at its consumer service division fell only moderately. The annual report noted that voice (fixed and mobile) revenues dropped to CHF22.521 million in 2013 from CHF23.726 million the previous year, while data (fixed broadband internet, CATV, wireless data) revenue also declined from CHF26.534 million to CHF23.246 million over the same period. Profit from telecoms activities roughly doubled to CHF2.568 million, up from CHF1.266 million, through cost-saving schemes, although the company posted a net loss of CHF6.456 million, compared to a net profit of CHF1.144 million in 2012, due to restructuring pensions and an impairment charge on Deep AG. EBITDA was positive for the year, having increased by 12%, according to CEO Markus Willi, who stated that the telco must attempt to offset falling traditional revenues (due to substitution of PSTN services by mobile and internet telephony) by actively exploiting opportunities in the mobile market and cloud solutions in the tiny Principality. Willi pointed to the launch on 1 November 2013 of a new range of value-for-money bundled products (fixed phone, internet, TV and mobile) for consumers and businesses, which the CEO said had since seen ‘high demand’. Telecom Liechtenstein suffered additional costs and corporate disruption in 2013 when a takeover bid for the company by Swisscom was rejected by the parliament of Liechtenstein in May.
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