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
Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics.
more »
The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs.
more »
Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion.
more »
On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management.
more »
If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund.
more »
Euro report says currency provided protection from interest and exchange rate turbulence.
more »
Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent.
more »
The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.
more »
The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months.
more »