Bloomberg News

Deutsche Telekom Slovak Unit's First-Quarter Profit Drops

May 10, 2012

Slovak Telekom AS, a unit of Deutsche Telekom AG (DTE) and Slovakia’s biggest telecommunications company, said first-quarter profit fell 7.8 percent as regulation increased.

Net income declined to 25 million euros ($32.3 million) from 27.1 million euros a year earlier. Revenue dropped 3.5 percent to 206.2 million euros because of price regulation and a saturated market, the Bratislava, Slovakia-based company said in an e-mailed statement today.

Deutsche Telekom owns 51 percent the company with the rest held by the government.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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