Slovaks' appetite for mobile phones has attracted two of the world's biggest players
Published:
9 April 2003 y., Wednesday
SLOVAKIA'S dominant fixed-line provider Slovak Telecom (ST) is under increasing pressure from mobile operators, and saw its customer base drop by 8 per cent in 2002. It now has just 1.46 million lines, less than mobile operator Orange and only marginally ahead of its rival Eurotel.
The rivalry within the mobile sector is just part of an ongoing global battle between two of Europe's telecommunication giants: France Telecom and Deutsche Telekom.
Orange Slovakia is part of France Telecom, which took a controlling stake in the company under its former name Globtel in February 2002. It was rebranded as Orange at the end of March 2002, several months after France Telecom bought a controlling stake in the Orange group, now the world's second-largest mobile-operator group with more than 44 million customers worldwide. Eurotel is 51 per cent owned by ST itself, whose majority shareholder is Deutsche Telekom. The other 49 per cent of the company is owned by an American consortium of Verizon Communications and AT&T Wireless Services. Deutsche Telekom is Europe's largest communications company, and holds a large share of the European and US mobile markets through its T-Mobile subsidiary. Both of the European parent companies suffered heavy losses in 2002, with Deutsche Telekom recording Europe's biggest-ever corporate loss of 24 billion euro, despite seeing its revenue increase by almost 15 per cent, 30 per cent of which comes from its mobile operations. France Telecom has fared no better, notching up a net loss of 20.7 billion euro.
Orange claims it now has more than 62.2 per cent of the Slovak mobile-communications market. It has consistently dominated the mobile-communications market in Slovakia since the end of its first year of operation, overtaking rival Eurotel in December 1997, when the company claimed 112,000 customers to Eurotel's 110,000.
Šaltinis:
huknews.hoovers.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
Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece.
more »
The offering of shares of the new issue will commence on 03-05-2010.
more »
The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available.
more »
Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy.
more »
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific.
more »
The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid.
more »
At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit.
more »
Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion.
more »
According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million).
more »
European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday.
more »