Abstract
With low disposable income and low penetration rates for fixed and broadband
services, the Eastern European markets pose a challenging environment for
telcos. Mobile revenues have gone some way to offsetting declining fixed voice
revenues and despite launching innovative broadband services and bundles,
operators are struggling to achieve the customer numbers needed to encourage
top-line growth. This report provides an overview of the key financial and
operational developments of Eastern European operators, which benchmarks their
performance against each other for 2007.
Table of Contents
Executive summary
- In a nutshell
- Key messages
- Market overview
Scope of research
- Economic and demographic overview
- Key players and shareholders
- Mobile market saturated
- FMS beginning to slow
- Broadband is providing significant growth.....
- .....but still failing to offset the decline in fixed revenues
- Total revenue growth slows further
- Focus on costs and efficiency continues
- Increased capex growth
- Declining profitability a major concern
- Debt under control
Table of figures
- Table 1. Summary of key economic and demographic indicators: 2006
- Table 2. Key players in Eastern Europe and their ownership structure: 2008
- Figure 1. Mobile growth and penetration
- Figure 2. Proportion of mobile subscribers as a percentage of total
connections: 2006 and 2007
- Figure 3. Change in fixed lines: 2007 - 06
- Table 3. Bundled offerings available from operators: June 2008
- Figure 4. Broadband lines
- Figure 5. Change in domestic fixed revenues: 2007 - 06
- Figure 6. Change in total revenues: 2007 - 06
- Figure 7. Employee change: 2007 - 06
- Figure 8. Revenues per employee (€ 000s)
- Figure 9. EBITDA margins
- Figure 10. Capex change: 2007 - 06
- Figure 11. Capex as a percentage of revenues
- Figure 12. EBIT margins
- Figure 13. Net income margins
- Figure 14. Cash efficiency
- Figure 15. Debt/revenues ratio
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