TP SA Group revenues down in Q3 2012

TP SA Group ended the third quarter of 2012 with consolidated net revenues of PLN 3.47bn (€842m), 5.5% less than a year before. Consolidated EBITDA totalled PLN 1.32bn (€320m) in Q3 2012, whereas EBIDTA margin to 38.1% (similar to the level recorded a year ago).
to PLN 1.22bn (€0.29bn) in Q1 of the current year. At the same time, consolidated net income amounted to PLN 242m (€57m), 28% more than in the corresponding period of 2011. The contraction of the group’s revenues was attributed to a new cut of the Mobile Termination Rate (MTR) and to intensification of price competition in the mobile market, according to the operator.
Mobile segment revenue amounted to PLN 1.85bn (€448.8m) in the third quarter of 2012, with a year-on-year decrease of 4.8%. Fixed segment revenues for the reviewed period were at the level of PLN 1.92bn (€465.8m) and were down by 4.0% on a yearly basis (the fixed to mobile substitution continued).