Mobilcom AG
MobilCom AG english
MobilCom writes off UMTS assets completely
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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For the third quarter of 2002 MobilCom can report turnover of EUR 518.8 million.
The turnover in the first nine months of 2002 was EUR 1.6 billion. Earnings
before interests and taxes (EBIT) were minus EUR 2.9 million – in the first nine
months: minus EUR 3.2 billion. Reason: MobilCom has written off the UMTS assets
(especially the license and network) completely. The write-offs sum up to EUR
9.9 billion. In return, an adjustment claim for EUR 7.1 billion was activated
with regard to France Télécom so that on balance the results are affected with
EUR 2.8 billion. In the mobile segment MobilCom reports turnover in the third
quarter of EUR 386.3 million, EBITDA of minus 10.8 million (Q2/02: minus EUR
21.5 million) and EBIT of minus EUR 40.6 million (Q2/02: minus EUR 135.7
million). The fixed line/internet segment achieved revenues of EUR 130.7 million
(Q2/02 EUR 143,7 million). The EBITDA was EUR 4.9 million (Q2/02: EUR 25,3
million). The EBIT amounted to minus EUR 18.5 million (Q2/02: EUR 8.9 million).
MobilCom succeeded in maintaining a stable customer base in spite of the
difficult situation of the company which had at the end of the third quarter 4.9
million mobile customers, 3.6 million call-by-call customers and 0,9 million
fixed line contract customers. The number of internet customers increased from
3.2 million to 3.4 million in the third quarter.
end of ad-hoc-announcement (c)DGAP 28.11.2002
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WKN: 662240; ISIN: DE0006622400; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart; EUREX
280831 Nov 02
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