July 30, 2014 10:08 PM ET

Diversified Telecommunication Services

Company Overview of Mobiltel EAD

Company Overview

Mobiltel EAD operates mobile and fixed telecom networks. Its services include prepaid mobile plans, home phones, mobile Internet, home Internet, and digital television services. Mobiltel EAD also offers corporate solutions, such as cloud services, business mail, fax services, server configurations, virtual private networks, data transfer services, and documents portals. The company was founded in 1994 and is headquartered in Sofia, Bulgaria. Mobiltel EAD operates as a subsidiary of A1 Telekom Austria AG.

1, Kukush Street

Zaharna Fabrika

Sofia,  1309


Founded in 1994


359 24 85 14 20


359 24 85 79 17

Key Executives for Mobiltel EAD

Chief Executive Officer
Chief Financial Officer and Board Member
Executive Director
Chief Technical Officer
Director of Corporate Communications Department
Compensation as of Fiscal Year 2014.

Mobiltel EAD Key Developments

Mobiltel to Invest More Than EUR 100 million in 2014

Mobiltel announced that it plans to invest more than EUR 100 million ($136.2 million) in the development of technologies, IT infrastructure and products in 2014.

Mobiltel Reports Earnings Results for the First Quarter of 2014

Mobiltel reported earnings results for the first quarter of 2014. For the period, the company recorded a 6.4% annual drop in revenues to EUR 91.2 million, hurt by regulatory and competitive pressures. The EBITDA decline was limited to 5.8% to EUR 37.1 million, as the new management team focused on strict cost controls. Earnings before interest and tax (EBIT) were dropped 9.0% year-on-year to EUR 14.1 million during the period under review.

Mtel Announces Earnings Results for the Fourth Quarter of 2013

Mtel announced earnings results for the fourth quarter of 2013. The company saw its revenues decline by 10.3% in fourth quarter of 2013 versus the same period to EUR 99.4 million primarily driven by monthly fee and traffic as well as interconnection revenues. In the fourth quarter of 2013, other operating income increased by EUR 5.5 million. EUR 4.5 million of this increase stemmed from own work capitalisation. The corresponding amount is also included in operating expenses. The reduction in total revenues resulted in a 25.8% EBITDA comparable decline to EUR 31.9 million. Operating income (EBIT) fell to EUR 7.4 million in the fourth quarter of 2013 compared to EUR 14.6 million in the same period of last year. The decline in Mtel's prepaid customers as result of the focus on high-value segment accelerated in fourth quarter of 2013, which led to a reduction of the total number of customers by 7.4% to 4.2 million subscribers.

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