Telco T-2 Ups H1 Operating Profit by Third to EUR 6.7M
Ljubljana, 16 August (STA) - Telecommunications service provider T-2 made EUR 6.7m in earnings before interest, depreciation and amortization (EBITDA) in the first six months of 2012, up 32% compared to the same period last year.
T-2's revenues stood at 24.5m, which is in line with the plans, the
company said in a press release on Thursday.
On the yearly level, the
number of T-2 subscribers increased by 3.1% to over 142,000, while the
highest increase was recorded in the mobile telephony division
(7.6%).
The heavily indebted company launched a court-mandated debt
restructuring in February after the court rejected the demand for
receivership by rival Telekom Slovenije.
T-2 also saw a change in
ownership as its previous owner, the Church-owned holding Zvon Ena Holding,
was disowned through conversion of claims.
The telco is now in
majority ownership of telecommunications infrastructure company Gratel.