IPKO s Five Years of Mobile Communications

IPKO's Five Years of Mobile Communications Pristina, 14 December 2012 IPKO, Telekom Slovenije's subsidiary in Kosovo, is celebrating the fifth anniversary of the launch of its mobile communications network. On its launch day, IPKO manage to attract an amazing 20,000 users. Today it has about 440,000 users, and a 26.1% market share.

IPKO's entrance onto the market brought with it the first competition in Kosovar mobile communications. Residential and business users in Kosovo are still the ones that are reaping the most benefits from this. IPKO's activities have helped significantly to reduce prices, while at the same time improving service quality and the scope of the mobile communications market. Even though it started out as just a small internet service provider, IPKO is now the largest and most important investment of any Slovenian company in Kosovo.

Telekom Slovenije's President of the Management Board Rudolf Skobe commented on this anniversary: We are satisfied with IPKO's results, especially taking into account the global economic and financial crisis. However I firmly believe that our ambitions should be bigger. The people of Kosovo are young and dynamic, they can recognize a successful business and know how to live their life. They are curious and interested in new things. We can offer them exactly what they want. Kosovo is certainly one of the most promising regions where we can continue to expect further growth in operations. IPKO's CEO Robert Erzin added: IPKO's mobile communications focus is firmly on capital investments into accelerating mobile broadband connections, convergent fixed-mobile services, managed services and cloud computing services, further expansion in the loyalty program, and better user support and CRM.

Great business results for IPKO In the first nine months of this year IPKO, had revenue from operations in the amount of 52.1 million, 21.1 million EBITDA, 7.2 EBIT, and 1.5 million net profit. During this period, the total amount of investments stood at 8.7 million. At the end of the year, investments will double.

LINK:	http://en.telekom.si/company/press-releases/article?aid=2493...
	See more stories from telekomsi

Most recent headlines