Deutsche Telekom's (DTE.XE) Polish mobile phone unit Polska Telefonia Cyfrowa, or PTC, said Thursday its third-quarter revenue dropped 7.4% on year to 1.889 billion zlotys ($660 million).
PTC said the decline was due to the price war in the fully saturated market, as well as falling regulator-set fixed-to-mobile rates and the ongoing economic slowdown.
At the end of the third quarter, the company had 13.482 million users, up 3.6% on year, with the number of higher-paying contractual customers up 8.8% to 6.577 million and the number of pre-paid segment customers down 0.9% to more than 6.9 million.
In the third quarter, the company's group of contractual customers grew by 99,000 net, with the figure including the customers who discontinued their contracts.
The company's earnings before interest, taxes, depreciation and amortization, or Ebitda, rose 0.1% on year to PLN735 million, with the Ebitda margin going up 3 percentage points to 38.9%.
At the end of the third quarter, PTC had nearly 900,000 customers for wireless Internet, up 89,000 from the second quarter, and more than 400,000 customers for landline voice services.
Company Web site: http://www.era.pl
-By Marcin Sobczyk, Dow Jones Newswires; +4822 447-2432; marcin.sobczyk@dowjones.com