Czech T-Mobile 03 Net Profit CZK4.4 Billion Vs CZK2.7 Billion

Published: 16 March 2004 y., Tuesday
T-Mobile Czech Republic AS, the country's number two cellular operator, said Wednesday that it increased its 2003 net profit by 63% by adding new clients and boosting the share of higher-spending customers by means of monthly payment plans. T-Mobile Czech, a subsidiary of Deutsche Telekom AG's (NYSE:DT - News) mobile arm T-Mobile International , had 3.9 million clients at the end of 2003, up from 3.5 million a year earlier. While the company's customer base is still dominated by the clients on pay-as- you-go contracts, the number of customers with monthly payment plans rose 32.3% to 889,000 at the end of 2003, from 672,000 a year earlier. Customers with pay-as-you-go contracts totaled 3.06 million in 2003, up from 2.84 million a year earlier. At the end of 2003, T-Mobile had a 40.7% share of the local mobile telecommunications market, compared with 43.4% held by its key local competitor Eurotel spol SRO (ERP.YY), the mobile unit of leading Czech telecommunications operator Cesky Telecom AS (BAATELEC.PR). The country's third mobile operator Cesky Mobil AS, a unit of Telesystem International Wireless Inc. (NasdaqSC:TIWI - News) , held a 15.9% share of the local market last year.
Šaltinis: biz.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

FDI in Lithuania Grew by 5 % and Lithuania’s Investment Abroad Increased by 14 %

Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009. more »

Fish industry voices concern over foreign fish and falling prices

Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April. more »

Future of European agriculture - have your say

EU opens public debate on its agricultural policy, the prelude to a major reform in 2013. more »

Commission launches €35 million call for projects that turn environmental challenges into business opportunities

The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme. more »

Bank SNORAS group consolidates the activity of the Baltic investment companies

Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States. more »

European Central Bank and European Commission hold joint conference on "financial integration and stability: the legacy of the crisis"

The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main. more »

12 April 2010 - ECB signals a gradual recovery of the European financial integration process

Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets. more »

World Bank Group: Record US$100 Billion Response Lays Foundation for Recovery from Global Economic Crisis

World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn. more »

IMF Executive Board Concludes 2010 Article IV Consultation with Serbia

On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia. more »

United Kingdom Contributes US$7.5 Million to Support IMF Technical Assistance in Statistics in Africa

The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project. more »