A1 boosts EBITDA, revenue in N. Macedonia in 2023

In the fourth quarter alone, A1 Makedonia's EBITDA increased 17.5% year-on-year to 12 million euro, as total revenues went up 9.5% to 41 million euro.

On the cost side, core operational expenses increased in the last quarter of 2023 mainly due to higher total workforce costs and site rentals while electricity costs declined due to lower spot prices, the group said in the statement.

A1 Makedonija competes with T-Mobile Macedonia, part of Deutsche Telekom, on a market of 1.8 million people.

In Southeast Europe, A1 Telekom Austria Group also operates in Bulgaria, Croatia, Slovenia and Serbia.

($ = 0.934 euro)