T-Mobile Czech Republic AS, the country's number two cellular operator, said Wednesday that it increased its 2003 net profit by 63%
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.
The most popular articles
The EBRD is making a €4 million equity investment in Geofoto, a Croatian geodetic company offering mapping, geodetic survey, photogrammetry, geoinformatics and aerial survey services, to support its drive to expand operations on international level.
more »
Nordea came out of 2009 in an even stronger position, despite one of the most challenging years for decades. Risk-adjusted profit increased 22% and our capital position and cost of funding are among the best in Europe.
more »
MEPs gave the green light on Thursday for EU funding to help Europe's unemployed start up small businesses.
more »
MEPs are deeply concerned about the long-standing and growing presence of al-Qaeda, and the deteriorating security, social and economic problems in Yemen, which they think could destabilise neighbouring countries.
more »
At the start of a new decade, Sub Saharan Africa is reeling from the effects of three major global crises – food, fuel and financial – that have reversed many of the economic achievements of the last 10 years and left some growth projections at levels below those of 30 years ago.
more »
The 5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area was jointly organised by the European Central Bank and the Reserve Bank of Australia, in cooperation with the Hong Kong Monetary Authority.
more »
The EBRD and European Fund for Southeast Europe are boosting the availability of financing to private businesses in Moldova with a $10 million loan to ProCredit Bank in Moldova for on-lending to micro and small enterprises.
more »
The EBRD is supporting the development of the retail infrastructure in Croatia with a €68 million loan to finance the construction of a modern shopping centre in Split, the second largest city in Croatia.
more »
The European Bank for Reconstruction and Development has agreed to sell its 15 percent stake in OAO Swedbank Russia to its parent and major stakeholder, Sweden’s Swedbank AB, a move which would give it full ownership of its Russian subsidiary.
more »
The Ministers of Industry took the first steps in San Sebastián today to make the electric vehicle a reality in Europe and agreed that European institutions, with the EC at the head, should lead a common strategy on electric vehicles.
more »