April 27 (SeeNews) - A1 Telekom Austria Group said the earnings before interest, taxes, depreciation and amortisation (EBITDA) of its subsidiary in North Macedonia rose by 3.9% year-on-year in the first quarter of the year, reaching 12 million euro ($13.2 million).
A1 Makedonija's revenues increased by 6.7% on the year in the first three months of 2023, to 35 million euro, A1 Telekom Austria Group said in an interim financial statement earlier this week.
However, lower electricity costs could not offset the effects from higher salaries and content costs in the country even though the number of subscribers went up slightly, the group said in the statement.
A1 Makedonija competes with T-Mobile Macedonia, part of Deutsche Telekom, on a market of 1.8 million people.
In Southeast Europe, A1 Telekom Austria Group also operates in Bulgaria, Croatia, Slovenia and Serbia.
($ = 0.906168 euro)