Makedonski Telekom AD

02/22/2018 | Press release | Distributed by Public on 02/22/2018 09:05

Operational results of Makedonski Telekom for 2017

  • Makedonski Telekom maintained the leading position on the market on a revenue basis at the end of 2017
  • Total net profit at the end of 2017 amounted to MKD 1.381 million, which is an increase of 33.3% compared to the previous year
  • The number of IPTV customers amounted to 117.5 thousand which is an increase of 9.1%

Makedonski Telekom AD-Skopje maintained the leading position on the market on a revenue basis at the end of 2017, show the unaudited financial statements as per the International Financial Reporting Standards (IFRS).

The total net profit amounted to MKD 1.381 million which is an increase of 33.3% compared to the same period of the previous year. The sales revenues in 2017 amounted to MKD 10.221 million, which represents a decrease of 2.5% compared to 2016.

'Makedonski Telekom over the last year strengthened its position of leading integrated telecommunication service provider on the market, primarily as a result of our portfolio of converged fixed, mobile and cloud services. The main focus in 2018 will once again be put on the converged services. At the same time, following the technological trends we are continuing the modernization of the network as a basis for creation of modern and innovative services and introduction of digitalization in the society. Simply put, our vision is to enable all users to enjoy the possibilities of the new technologies today and in the future on the best network in Macedonia', said Andreas Elsner, Chief Executive Officer of Makedonski Telekom.

The total number of broadband internet accesses at the end of 2017 remained stable and amounted to 194.0 thousand., whereas the broadband internet market share at the end of 2017 amounted to 46.0% (internal estimate)

The revenues from retail internet and digital television via Internet protocol ('IPTV') at the end of 2017 increased by 1.8% compared to the previous year. As a result of the high quality, the interactivity and the unique TV experience, in 2017 Makedonski Telekom achieved good results in the digital TV segment. At the end of 2017, the number of IPTV customers amounted to 117.5 thousand which is an increase of 9.1% compared to 2016. Thereby Makedonski Telekom reached a 28.2% share on the TV market (internal estimate).

On the mobile telephony market, the company has 48.6% market share, with a subscriber base of 1.203 thousand at the end of 2017. The mobile voice services revenues at the end of 2017 decreased by 5.5% compared to the previous year compensated by the mobile non voice revenues which increased by 21%. The decrease is a result of the decreased prices of the national incoming mobile termination traffic, combined with the increased traffic volume, as well as the lower volume of international incoming termination traffic, which is compensated with the increase of the post-paid revenues.