A strong performance in its "Additional Markets" division could not prevent Telekom Austria from reporting an overall 4.1 percent decline in revenue year-on-year to €3.33 billion (US$4.55 billion) in its nine-months results. Currency fluctuations, fierce competition domestically and challenging conditions in Central and Eastern Europe were cited as contributory factors. EBITDA (earnings before interest, tax, depreciation and amortization) was also down 7.9 percent to €1.19 billion ($1.63 billion). On the bright side, mobile broadband subscriptions were up by half on the year-ago period, to 1.49 million. (See Telekom Austria 9-Month Revenue Drops 4.1%, Telekom Austria Probes Huawei Deals.)
The economic aftermath of the "Arab spring" took its toll on the third-quarter figures of Telecom Egypt , reports Reuters.
Net profit fell 21 percent year-on-year, to 622.7 million Egyptian pounds ($104.2 million).