Mediatel’s results weaker than expected

2010-04-01

Mediatel, a Polish fixed-line telephony operator and internet service provider, failed to live up to the 2009 results forecast of February 2009. According to preliminary estimates, the company’s sales revenues totalled to PLN 183.1m (€47.6m) in 2009, a figure lower by 6.1% than expected previously. Also EBITDA was 19.6% lower than forecasted previously and totalled to PLN 18.1m (€4.7m) rather than the predicted PLN 22.5m (€5.8m).
According to company management, the weaker performance is the result of lower rates for terminating connections (MTR), exchange rate fluctuations and strengthening of the Polish zloty in the second half of 2009.