October 21 (SeeNews) - A1 Telekom Austria Group said its Croatian unit, former Vipnet, recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of 111.2 million euro ($131.8 million) in the first nine months of 2020, down 4.1% compared to the same period last year.
The revenues of A1 Croatia fell by 3.5% on the year to 312.2 million euro in the nine months through September, A1 Telekom Austria Group said in an interim financial statement on Tuesday.
In the third quarter of 2020 alone, A1 Croatia reported EBITDA of 44.1 million euro, down 10.6%, while revenues dropped 2.7% to 111.8 million euro.
The number of wireless subscribers of A1 Croatia rose to 1.925 million at the end of September, up 1.6% on the year.
The total capital expenditures (CAPEX) of A1 Croatia in the first nine months of 2020 decreased by 42.4% year-on-year to 35.4 million euro. In the third quarter alone, CAPEX fell by an annual 48.9% to 7.7 million euro.
In October 2018, the Croatian unit of A1 Telekom Austria said it has changed its name to A1 Croatia from Vipnet. Telekom Austria Group decided in 2017 that A1 will become a unique brand for all its subsidiaries, including Vipnet on the Croatian market.
On the mobile segment in Croatia, a market of around 4.3 million people, A1 Croatia competes with the local unit of Swedish telecommunications group Tele2 and with the wireless arm of Hrvatski Telekom (HT).
Tele2 is in the process of selling its Croatian unit to United Group, a leading multi-play telecommunications and media services provider in Southeast Europe. It said in January that Croatia's competition authority has decided to approve the sale.
($ = 0.843477 euro)