Technology

MobilCom losses go up as dispute takes its toll

MobilCom has announced that its Q1 losses have increased; the German operator is blaming the ongoing dispute with France Telecom. To illustrate its claims, the company says that its plan to launch a 01566-GPRS network in February had to be postponed, costing it $70.6 million in accruals.

CBR Staff Writer May 14, 2002

Special items linked to the disagreements with France Telecom are expected to have reduced profits by $82.3 million. The company’s Q1 EBITDA loss increased from $31.7 million in 2001 to $110 million including special items and UMTS start-up costs.

Customer numbers increased to 9.0 million, compared to 7.3 million in the same period last year. MobilCom now has 4.9 million mobile customers, keeping its market share stable at 13.5%. Long-term commitments count for two thirds of mobile contracts.

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