Revenues of Kosovo Telecom holding Slump

Prishtina, KOSOVO – Kosovo’s Post and Telecommunication Holding PTK, announced a 5.7 per cent decrease in revenues and 20 per cent decrease in before-tax earnings for 2008, as result of price decreases in its core business, the mobile operator Vala 900 and increased investments.

PTK is under public ownership while government of Kosovo intends to privatize it in order to increase investments. The company operates a fixed phone service, a mobile operator and postal services in the country of 2 million inhabitants.

Total revenues reached 172.1 mln Euro while expenditures were 93.6 mln Euro. Vala 900 is responsible for more that 80 per cent of the revenues of the group.

“We have invested to increase capacities of mobile operator to 1.2 million possible customers”, Shyqyri Haxha, CEO of PTK said in a press release. The mobile operator Vala 900 has 886,000 customers as for 31 Dec. 2008.

“During 2009 we intend to extend our customer base in Asymmetrical Digital Subscriber Line (ADSL) to 50,000″, Haxha added.

PTK intends to launch also banking services by creating the Bank Post.

Albanian Economy