Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 with amendments), the Management Board of Telekomunikacja Polska S.A. (“TP S.A”, “TP”) hereby provides selected financial and operating data related to the activities of TP Group for the nine months ended September 30th, 2009.
TP Group reports results for the first nine months of 2009
- Regulatory and competition driven revenue erosion (-7.6%) despite solid growth in broadband (+10.7%)
- Broadband total customer base up +8.1%
- Mobile post-paid customer base up +9.1%
- EBITDA margin down to 38.4% reflecting revenue decline and depreciation of Polish zloty (PLN)
- Net Free Cash Flow well on track to reach full year objective of at least PLN 3 billion
- Consensus with the regulator concerning separation, wholesale rates and investments in broadband reached, providing long-term benefits for the Polish market and TP Group
- Integration of new regulatory framework with 2010-11 action plan in progress
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