Multimedia and Internet ‘Boosted’ Optima Telekom’s Revenue by 20.6 Percent

Optima Telekom ended the first quarter of 2018 with a revenue growth of 20.6 percent compared to the previous year, as well as an increase in operating profit (EBITDA) before one-off items of 5.2 percent.

The increase in total revenue was primarily driven by positive trends achieved from the services that are the focus of Optima Telekom’s offerings, namely multimedia and internet services. In addition to these services, revenues in the public voice service segment and data services have also increased.

Compared to the previous year, in the past quarter, Optima Telekom increased its multimedia revenue by 43.4 percent, while internet revenue grew by 39.4 percent. Revenues from public voice services also recorded an increase of 18.1 percent compared to the previous year.

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Although the trend of declining revenue from public voice services has been present for some time, primarily as a result of the general global trend of decreasing use of public voice services, Optima Telekom is recording positive results in this segment mainly due to the impact of the merged H1 Telekom. The merger with H1 Telekom also contributed to positive results in data service revenues, which are up by 7.0 percent compared to the previous year.

Consolidated capital investments in the first quarter of 2018 amounted to 31.5 million kuna, of which 13.1 million kuna was invested in the development of the access optical network, expansion of the colocation network, and customer equipment for providing IPTV and internet services to residential users. 2.1 million kuna was invested in the core network, while 15.9 million kuna was invested in expanding services to customers.

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– In the first quarter of 2018, we continued to increase profitability and maintain a stable market position, which we further strengthened in July last year with the formal merger of H1 Telekom. This is supported by the achieved business result, where total business revenues are 20.6 percent higher compared to the same period last year, while EBITDA before one-off items recorded an increase of 5.2 percent. The excellent results were primarily influenced by the growth in revenue from multimedia and internet services, which Optima Telekom has defined as the flagship of its offerings. The development of quality products that offer concrete, practical value and strengthening overall competitiveness is a mission we continue to dedicate ourselves to in the months ahead. In order to meet the expectations of our private and business customers, alongside the continued development of innovative and unique services that simplify their daily lives, we will continue to significantly invest in strengthening infrastructure in the coming months, stated Zoran Kežman, CEO of Optima Telekom.