ST’s revenues fall 3.5%

Slovak Telekom (ST) has reported that in the first quarter of 2012 its consolidated revenues fell by 3.5% year-on-year to EUR206.2 million (USD267.0 million), which it blamed on regulatory factors and a highly competitive, mature telecoms market. Group EBITDA was down 8.8% at EUR86.1 million, while the group’s total mobile customers decreased by 2.1% in twelve months to 2.31 million at 31 March 2012, with post-paid subscribers falling by 0.5% to 1.45 million, although smartphone penetration continued to climb to reach 75% of ST’s total mobile user base

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OVETEL ST’s revenues fall 3.5%