Business News

T-2 Marks 10th Anniversary with Growth

Ljubljana, 15 May (STA) - Ten years since its inception, telecommunications services provider T-2 reported EUR 13.9m in net sales revenue for the first quarter of 2014, up 6.5% from the same period last year, while earnings before interest, taxes, depreciation and amortisation rose to EUR 3.2m, from EUR 3m.

The number of subscribers rose to 170,000, with a press release detailing a 4.5% growth for mobile services, a 3.5% increase for optical network services and a 1% rise in VDSL services.

T-2 has 58,000 subscribers on its own optical network, which accounts for nearly 50% on the Slovenian market of fibre to the home (FTTH), 52,000 VDSL-network subscribers and 60,000 mobile subscribers.

Data from the Agency for Communication Networks and Services (AKOS) for 2013 shows T-2 ranked second on the broadband access market by number of subscribers' cables with a 17.9% market share.

It ranked third in IP-telephony market services with a 17.4% market share and fifth by active mobile telephony users with a 2.5% market share.

The number of commercial subscribers has risen to 15,000.

In its first decade, the company has built 4,575 kilometres of optic network, set up 38 FTTH-switches, 232 VDSL-switches and 129 base stations for mobile telephony.

Over the past two years T-2 has increased its headcount to 305.

Set up on 11 May 2004, T-2 entered the market in October 2005 by offering services via VDSL technology, and later expanding into FTTH and mobile voice and data communications through an UMTS network.

T-2 saw a change in ownership in February 2012 as its previous owner, one of the Church-owned holdings Zvon Ena Holding, was disowned through conversion of claims.

Its biggest owner (98%) is currently the Kranj-based telecommunications and power infrastructure company Garnol.

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