Polish mobile telephony operator Polkomtel ups client base, cuts revenue in 2014

By bne IntelliNews February 28, 2014

Polkomtel, the operator of Poland's mobile telephony network Plus, saw its total customer base up to 14.13mn at the end of 2013 from 13.84mn a year earlier. At the same time, it remained the market leader in terms of the number of contracted subscribers (28%). In 2013, its revenue dropped by 6% y/y to PLN 6.68bn.
At the end of last year, the number of its post-paid customers was 7.40mn (incl. 0.75mn of mobile broadband users) vs. 7.44mn a year earlier (incl. 061mn of mobile internet); the number of pre-paid customers was 6.73mn vs. 6.40mn, respectively, according to the data presented by DTH operator Cyfrowy, which is in the process of taking over Polkomtel.
The firm noted that improving technology and increasing reach of our data services (with LTE) support rapid take of devices and a fast growing active user base. The share of smartphones in all handsets sold by Polkomtel reached 74% in Q4 of 2013 (and was 67% in the whole of 2013 vs. 59% a year earlier).
In 2013, Polkomtel reported cash flow of PLN 2,255mn (up by 9% y/y) and EBITDA of PLN 2,858mn (up by 2%), which translated into EBITDA margin of 42.8% (up by 3.6pps), as Polkomtel itself reported.

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