T-Mobile Polska EBIDTA down

T-Mobile Polska, Polish unit of the German telecommunication giant, had a 0.5 percent y/y drop in Q4 adjusted EBITDA to PLN 598 million, while its revenue grew by 4.8 percent y/y to PLN 1.72 billion T-Mobile said. At end-2016, the company had PLN 6.49 billion revenue (0.5 percent increase y/y) and PLN 2.1 billion in adjusted EBIDTA, a 13.4 percent drop y/y. According to the financial report, the decline in earnings was due to higher marketing costs and increased popularity of subscription offers with unlimited calls, data etc, which in turn caused increase in interconnection fees. At end-2016, the company had 10.63 million clients.