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Crnogorski Telekom 9-mo net profit rises 1.9%, mobile users up 5.5%

Crnogorski Telekom 9-mo net profit rises 1.9%, mobile users up 5.5%

PODGORICA (Montenegro), October 31 (SeeNews) – Montenegrin telecommunications company Crnogorski Telekom said on Thursday its net profit rose by 1.9% to 17.1 million euro ($23.5 million) in the nine months through September.

Revenues fell by an annual 4.3% to 83.1 million euro in the nine- month period, mainly due to lower income from interconnection and retail voice services, Crnogorski Telekom said in a statement on its website.

Earnings before interest, taxes, depreciation and amortization (EBITDA), excluding special items, fell 3.2% on the year to 33.2 million euro through September.

The subscribers of the telco's wireless arm, T-Mobile, rose by an annual 5.5% to 395,900 at the end of September. Postpaid customers edged up 0.7% on the year to 133,800, enabling T-Mobile to keep and strengthen its lead on the segment with a share of 42.8%, it said.

Crnogorski Telekom's ADSL subscribers rose by an annual 6.9% to 73,200 at the end of September while its IPTV subscribers increased 10.2% to 59,900. The telco's digital Extra TV service kept its lead on the local pay TV market with a 40.9% share in terms of customers.

The company had 167,800 fixed lines at the end of September, down 0.4% on the year.

Crnogorski Telekom is part of Hungary's Magyar Telekom.

Montenegro has a population of around 630,000.

($=0.7272 euro)