| NOTAS: | "...2010 was a critical year for the Greek Electronic Communications market mainly due to the fact that the financial crisis considerably affected the operators’ financial performance (turnover, gross profit and total assets). Specifically, Mobile Telephony Operators (MTOs) suffered significant reductions of their turnover (16%) and gross profit (113%). Additionally, OTE’s turnover declined by 10% due to several factors (fall in domestic and international telephony revenues, interconnection rates, telecommunications equipment sales etc.); the reduction of its revenues was greater than the respective of operational cost resulting to a 59% decrease of gross profit while at the same time its total assets decreased by 3%. On the contrary, the respective data for the Other Alternative Operators (OLOs) increased significantly (turnover by 21%, gross profit by 99% and total assets by 6%), mainly due to the economic performance of HELLAS ON LINE, FORTHNET and CYTA HELLAS. It should be noted that the difficulty in arriving at conclusions still persists due to the fact that some operators apply the International Financial Reporting Standards (IFRS) on their balance sheets whereas other operators continue to apply the Greek accounting standards.…" |
