July 15 (SeeNews) - A1 Telekom Austria Group said its Croatian unit, former Vipnet, recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of 67.1 million euro ($76.7 million) in the first half of 2020, up 0.8% compared to the same period last year.
The revenues of A1 Croatia fell by 3.9% on the year to 200.4 million euro in the six months through June, A1 Telekom Austria Group said in an interim financial statement on Tuesday.
In the second quarter of 2020 alone, A1 Croatia reported EBITDA of 33.8 million euro, down 3.2%, while revenues dropped 6.8% to 99.3 million euro.
The number of wireless subscribers of A1 Croatia rose to 1.9 million at the end of June, up 1.5% on the year.
The total capital expenditures (CAPEX) of A1 Croatia in the first half of 2020 decreased by 40.3% year-on-year to 27.7 million euro. In the second quarter alone, CAPEX fell by an annual 37.3% to 13.6 million euro.
In October 2018, the Croatian unit of A1 Telekom Austria said it has changed its name to A1 Croatia from Vipnet. Telekom Austria Group decided in 2017 that A1 will become a unique brand for all its subsidiaries, including Vipnet on the Croatian market.
On the mobile segment in Croatia, a market of around 4.3 million people, A1 Croatia competes with the local unit of Swedish telecommunications group Tele2 and with the wireless arm of Hrvatski Telekom (HT).
Tele2 is in the process of selling its Croatian unit to United Group, a leading multi-play telecommunications and media services provider in Southeast Europe. It said in January that Croatia's competition authority has decided to approve the sale.
($ = 0.922538 euro)