At a glance 

With 18.3 million subscribers, 12 thousand employees and consolidated EBITDA of EUR 1.4bn, PPF Telecom Group is a mid-sized operator within the CEE region.

The Group is active in six markets - Bulgaria, Czech Republic, Hungary, Montenegro, Serbia and Slovakia, providing mobile, fixed-line, data and internet television services to end users, and telco infrastructure services to telecom operators.

*  including Telenor Montenegro, divested on 21 December 2021

Key strengths

  • Market leading businesses with strong brand recognition and high quality networks
  • Stable markets with positive trends supporting growth
  • Diversified, strong and stable cash flow generation
  • Structurally separated services to end users and wholesale network infrastructure  services. 

Key financial data

in EUR millions

2020 2019 2018 2017
Revenues 3,159 3,170 3,165 3,097
EBITDA 1,425 1,397 1,220 1,142
EBITDA margin 45% 44% 39% 37%

* based on audited financial accounts for 2019 and 2020 and unaudited pro forma condensed consolidated financial information for 2017 and 2018