13. 1. 2016
At its 37th ordinary session held on Wednesday 23 December 2015, Telekom Slovenije’s Supervisory Board discussed and approved the Strategic Business Plan of the Telekom Slovenije Group for the period 2016 to 2020, and the Annual Business Plan of the Telekom Slovenije Group for 2016.
Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and valid legislation, Telekom Slovenije, d. d. hereby publishes the following announcement:
At its 37th ordinary session held on Wednesday 23 December 2015, Telekom Slovenije’s Supervisory Board discussed and approved the Strategic Business Plan of the Telekom Slovenije Group for the period 2016 to 2020, and the Annual Business Plan of the Telekom Slovenije Group for 2016.
The Telekom Slovenije Group operates on markets characterised by a high level of competition. In that context, markets are becoming increasingly saturated. The ability to attract new users is thus constantly diminishing. The Slovenian telecommunications market is comparable to the developed markets of Western Europe, where analysts are predicting a decline in incumbent operators’ revenue and market shares from basic telecommunications services. The telecommunications markets of South-Eastern Europe are also reaching maturity, while the pace of consolidation on the markets where the Telekom Slovenije Group operates is accelerating, both within individual countries and between countries.
The Telekom Slovenije Group will counter such trends by continuing consolidation activities on the markets where it is present. Telekom Slovenije, d. d. will strengthen its market share in Slovenia by expanding the fibre-optic access network, through a range of convergent packages and by expanding the range of services outside the basic telecommunications activity. Telekom Slovenije, d.d. will implement its strategy over the next five years in three phases, each of which will mean a step forward in the Company’s operations. During the first phase, the company will focus on innovation of its core, the focus of the second phase will be on digitalisation, while the aim of the third phase is to generate value from the activities carried out in the first two phases. In implementing its strategy, Telekom Slovenije, d.d. will focus on four strategic pillars: exceeding the customer expectations, development into a leading digital company, diversify beyond core, and transformation into a lean and agile operator. The Telekom Slovenije Group will continue optimisation efforts at all levels of operations. It will also continue to restructure personnel and ensure the optimal number of employees, taking into account the needs of the work process at individual Group companies. The superior quality of its services will continue to be the Telekom Slovenije Group’s competitive advantage in the future. The Group’s development will continue to be based on high standards of social responsibility and sustainable development.
The Telekom Slovenije Group is planning a net profit of EUR 34 million, EBITDA of EUR 198 million and investments of up to EUR 156 million in 2016.
This announcement will also be accessible on the Telekom Slovenije, d. d.’s website (www.telekom.si) for a period of no less than five years from the date of publication.
Management Board of Telekom Slovenije, d.d.