Estonian branch of Tele2 mobile telecom recorded revenues of EUR 22mn in Q1, down by 2% y/y. The company attributes the decline to lower interconnection fees. EBITDA of the company stood at EUR 6.0mn, up by 4% y/y. Tele2 has around 0.5mn subscribers in Estonia. CFO of Tele2, Argo Virkebau, indicated that smartphones sales grew by 63% y/y in Q1, with large proportion of them becoming mobile data users. Number of customers increased by 22,000 y/y in Q1. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more