Italian Eutelia's Polish mobile arm to achieve EBITDA breakeven in 2011 |
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Tue, 08 Jan 2008 08:51
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WARSAW (Thomson Financial) - Italian telecom Eutelia targets a breakeven on the EBITDA measure of operating profit for its new Polish mobile network Mobyland in 2011 and 10 pct of the Polish market by 2013, Polish daily Parkiet reported.Citing materials sent to investors by Eutelia last month, Parkiet said Mobyland will target an EBITDA (earnings before interest, tax, depreciation and amortisation) margin of 30 pct and 740 mln euros in revenues by 2013.The company, 70 pct controlled by Eutelia, will be Poland's sixth mobile phone operator, after it was awarded one 1800 MHz frequency last year.The Polish mobile-phone market has for years been evenly carved up between three operators, including TPSA arm Centertel, and the entry of a fourth player last year sent prices lower and tightened margins.adrian.krajewski@thomson.com +48 22 447 2430ak1/kf1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Italy's Eutelia to take stake in Poland's 6th mobile operator 