Telekom Austria Group says that COVID-19 had "little impact" on its first-quarter results but that, going forward, "further effects are not yet foreseeable and are quite diverse." Group total revenues rose 3.4% year on year, to €1.12 billion (US$1.21 billion), while EBITDA (earnings before interest, tax, depreciation and amortization) inched up 0.4% to €396.6 million ($430.3 million). Since the onset of the pandemic, the operator is, predictably, seeing increased demand for bandwidth and "digitization projects" but a slump in its roaming revenues as international travel grinds to a virtual halt.
Eurobites |
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