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34-434: In September 2020, the company's name of registration changed from Telekom Albania to One Telecommunications , starting the transition to a new brand. In January 2023, Albtelecom and One merged as one company known as One Albania and as of March 2023 the new company has taken on the same brand as One Montenegro . In March 2023, One changed its formal registered name from One Telecommunications to One Albania. The company

68-630: A 80,27% stake in Albtelecom from Calik Holding in an undisclosed deal. The transaction is expected to be finalized due to regulatory approval in January 2022. After the approval for the sale of ALBtelecom to 4iG Plc then the ownership was transferred to Antenna Hungária. The merging process of ALBtelecom and Eagle Mobile began in March 2011. Although being part of the same package, the companies functioned as two different entities. In February 2013,

102-516: A certain company trades at x times EBITDA, meaning that the company value as expressed through its stock price equates to x times its EBITDA). In its attempt to display EBITDA as a measure of the underlying profitability of the operating business, EBITDA is often adjusted for extraordinary expenses, i.e. expenses that the company believes do not occur on a regular basis. These adjustments can include bad debt expenses, any legal settlements paid, costs for acquisitions, charitable contributions and salaries of

136-409: A company's capacity to generate cash flow while effectively utilizing leveraged debt and reinvesting profits to minimize taxes—an approach that defined his investment philosophy. EBITDA regained popularity during the dot-com boom , gaining popularity as a benchmark for assessing the financial health of rapidly expanding, technology companies. EBITDA is widely used when assessing the performance of

170-455: A company. EBITDA is useful to assess the underlying profitability of the operating businesses alone, i.e. how much profit the business generates by providing the services, selling the goods etc. in the given time period. This type of analysis is useful to get a view of the profitability of the operating business alone, as the cost items ignored in the EBITDA computation are largely independent from

204-515: A customer base of 1.9 million. Currently, the company's network covers 99.6% of the population and 95% of the geographical area. In 2011, AMC's customer base decreased to 1.8 million. In 2011, AMC entered the Albanian landline market, the second company in Albania that offers landlines in all countries. AMC was the second mobile operator that provided 3G technology in Albania. In September 2011

238-418: A useful metric, one should not rely on EBITDA alone when assessing the performance of a company. The biggest criticism of using EBITDA as a measure to assess company performance is that it ignores the need for capital expenditures in its assessment. However, capital expenditures are needed to maintain the asset base which in turn allows for generating EBITDA. Warren Buffett famously asked, "Does management think

272-491: Is a non- GAAP metric that has been introduced following the global COVID-19 pandemic . EBITDAC is a special case of adjusted EBITDA. On 13 May 2020, the Financial Times mentioned that German manufacturing group Schenck Process was the first European company to use the term in their quarterly reporting. The company had added back €5.4m of first-quarter 2020 profits that it said it would have made were it not for

306-486: Is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing and obligations to governments. Although lease have been capitalised in the balance sheet (and depreciated in the profit and loss statement) since IFRS 16 , its expenses are often still adjusted back into EBITDA given they are deemed operational in nature. Though often shown on an income statement , it

340-604: Is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC , and hence the SEC requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income . The original concept of EBITDA was pioneered in the 1970s by billionaire investor John Malone . Early in his career, Malone developed EBITDA as a tool to evaluate

374-633: Is the Electronic and Postal Communications Authority . In 2017, operators changed the duration of their monthly packages to 28 days instead of 30. The matter was investigated by the Authority and the operators were ordered to resume the 30-day duration once again. In 2019, the Albanian Competition Authority intervened after Vodafone Albania, Telekom Albania , and Albtelecom increased their tariffs by ALL 200 and doubled

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408-457: Is used to include effects of the asset base in the assessment of the profitability of a business. In that, it is a better metric than EBITDA, but has not found widespread adoption. Earnings Before Interest, Depreciation, Amortization and Exploration ( EBIDAX ) is a non- GAAP metric that can be used to evaluate the financial strength or performance of oil, gas or mineral company. Costs for exploration are varied by methods and costs. Removal of

442-561: The 98.1% of total population, the largest coverage in Albania . In November 25, 2024, One was awarded 120 MHz in the 3420-3540 MHz frequency band. It also brought the 5G service in November 25, 2024 In 2005, its revenues exceeded €137 million. In 2007 AMC's revenues reached 176.2 million Euro, 16.7% higher on a yearly basis. The company's EBITDA grew by 20.1% in 2007 on a 62.0% margin, while net income increased by 22.1% year-on-year, with

476-444: The Albanian government awarded the second 3G network license to AMC for € 15.1 million ($ 20.6 million) outbidding Eagle Mobile which offered 12.9 million euros. In January 2012 AMC Launched 3G services in Albania, only 3 months following the 3G license acquisition. In June of the same year, AMC 3G infrastructure extended to approximately 95% of the country. In March 2015, AMC gained a 4G service license, with commercial operations in

510-402: The Albanian government to a consortium of two Turkish companies, Çalık Holding and Türk Telekom , with Calik taking 80% of the consortium's stake. In May 1996 ALBtelecom created Albanian Mobile Communications (Now One Albania ) in March 2008 created another mobile telephony company called Eagle Mobile , which gained a 13% market share within a year. In December 2021 4iG Plc acquired

544-409: The Albanian telecommunication market on 12 March 2008. Now the company covers 98.5% of the country's population and 92.5% of the national territory. The third operator helped in the market liberalization. Prices underwent a sharp decline of over 40% with its arrival. In February 2013 ALBtelecom & Eagle Mobile were finally merged in one single company and on 3 April were officially presented under

578-609: The Hungarian company 4iG . On 21 March, the company itself announced the acquisition of 99.899% indirect stakes in One Telecommunications. This is the second acquisition of a telecommunication company in the Albanian market, following that of ALBtelecom by 4iG, explaining that these two companies are complementary in the Albanian market. Following their acquisition of the telecommunications operations in Albania, Montenegro and Hungary, 4iG had an agreement to transfer

612-487: The brand of ALBtelecom. During 2017 Eagle Mobile was replaced with ALBtelecom Mobile brand name. EBITDA A company 's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA , pronounced / ˈ iː b ɪ t d ɑː , - b ə -, ˈ ɛ -/ ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It

646-417: The cash-generating ability of telecom companies. He advocated for its use over traditional metrics like Earnings per share (EPS) , arguing that EBITDA offered a more accurate reflection of financial performance for high-growth, capital-intensive businesses. Originally, Malone used EBITDA to attract lenders and investors, positioning it as a key element of his growth strategy. By focusing on EBITDA, he showcased

680-570: The company ALBtelecom took possession of the mobile company, Eagle Mobile , which turned into a brand within ALBtelecom. The Electronic and Postal Communications Authority (EPCA - AKEP) has given ALBtelecom the license of transfer that allows the company to offer products and services of fixed telephony, and broadband internet, as well as mobile telephony and mobile broadband internet under the Eagle Mobile trademark . Eagle Mobile entered

714-591: The exploration portion of the balance sheet allows for a better comparison between the energy companies. Operating income before depreciation and amortization ( OIBDA ) refers to an income calculation made by adding depreciation and amortization to operating income . OIBDA differs from EBITDA because its starting point is operating income, not earnings. It does not, therefore, include non-operating income, which tends not to recur year after year. It includes only income gained from regular operations, ignoring items like FX changes or tax treatments. Historically, OIBDA

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748-460: The hit caused by 'missing contribution margin and cost absorption reduced by direct financial state support received majorly in China so far'. Other companies picked up this EBITDAC measure as well, claiming the state-mandated lockdowns and disruptions to the supply chains distort their true profitability, and EBITDAC would show how much these companies believe they would have earned in the absence of

782-593: The middle of 2015. It was the second company to offer 4G LTE services in Tirana and Southern Albania . Also, the company was one of the first companies in Europe that launched LTE-A technology Cat4 up to 150 Mbit/s download speed. The company is an official partner to several worldwide used apps, such as AirBnB, Deezer , Evernote , Magisto , etc. In addition, AMC has been awarded for its Business Excellence and Social Contribution (2013-5th Conference of Infokom, Tiranë): AMC

816-527: The minimum recharge value from ALL 100 to ALL 200. The move sparked strong reactions from consumers who felt that the high price increase across three of the main providers was unfair. The action was reported to the Competition Authority. The three companies took action to lower the prices, following the instructions given by the agency. Albtelecom ALBtelecom sh.a. (a shortening of Albanian Telecom, Albanian : Telekomi Shqiptar )

850-419: The net income margin at 34.6% for 2007. During Q3 2008, AMC’ EBITDA margin stood at 67.4%. In 2011, AMC revenues stood at €119.3 million Albania as per Q1 2019 has 3.66 million subscribers, out of which there are 2.5 million active users (101% penetration rate). An active user is the number of users that communicated in the last three months. The regulatory authority for telecommunication in Albania

884-427: The operating business: The interest payments depend on the financing structure of the company, the tax payments in the relevant jurisdictions as well as the interest payments, the depreciation on the asset base (and depreciation policy chosen), and the amortisation on takeover history with its effect on goodwill among others. EBITDA is widely used to measure the valuation of private and public companies (e.g. saying that

918-521: The owned subsidiary. On 16 January 2019, OTE part of Deutsche Telekom agreed to sell the company, at the time branded as Telekom Albania, for €50 million to Albania Telecom Invest, a company owned by the Bulgarian Vivacom owner Spas Roussev and Albanian-born entrepreneur Elvin Guri. On 10 March 2022, the Albanian Competition Authority approved the sale of ONE Telecommunication in favor of

952-523: The owner or family members. The resulting metric is called adjusted EBITDA or EBITDA before exceptionals . A negative EBITDA indicates that a business has fundamental problems with profitability. A positive EBITDA, on the other hand, does not necessarily mean that the business generates cash. This is because the cash generation of a business depends on capital expenditures (needed to replace assets that have broken down), taxes, interest and movements in working capital as well as on EBITDA. While being

986-491: The ownership of these companies to Antenna Hungária raising then its stake at the company to 76% The display name of One is One.al , though it might appear on some phones simply as Telekom.al or AMC. When COSMOTE acquired AMC, the company had 11,000 subscribers actually making outgoing calls. In August 2000, AMC launched Albakarta and in December 2001 AMC customer base exceeded 273,000 customers and in 2009 it had reached

1020-417: The tooth fairy pays for capital expenditures?". A fix often employed is to assess a business on the metric EBITDA - Capital Expenditures. EBITDA margin refers to EBITDA divided by total revenue (or "total output", "output" differing from "revenue" according to changes in inventory). Earnings before interest, taxes, and amortization ( EBITA ) is derived from EBITDA by subtracting Depreciation. EBITA

1054-599: Was an Albanian telecommunications company. It was established as Albania 's state company that provided telecommunications services through a fixed network. On 5 December 1912 the Provisional Government led by Ismail Qemali established the Ministry of Post Telegraph Telephones, where ALBtelecom existed only as a government office. It was privatized on 1 October 2007 (following a privatization process which started in 2000), with 76% of its shares sold by

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1088-421: Was created to exclude the impact of write-downs resulting from one-time charges, and to improve the optics for analysts comparing to previous period EBITDA. An example is the case of Time Warner , who shifted to divisional OIBDA reporting subsequent to write downs and charges resulting from the company's merger into AOL . Earnings before interest, taxes, depreciation, amortization, and coronavirus ( EBITDAC )

1122-552: Was established as a state-owned company, named Albanian Mobile Communications (AMC), in November 1995, and started commercial operations in May 1996, thus being the first mobile operator in Albania . Instructed by Aleksandër Meksi , the team working on it was led by project manager Bashkim Kasa. The company was privatized in August 2000. Cosmote acquired 85% of AMC's capital share, through COSMO-HOLDING ALBANIA S.A., COSMOTE acquired 97% of

1156-552: Was part of ICT Coalition for a Safer Internet for Children and Young (2012–2013). When Plus , the fourth-largest mobile network provider, ceased operations in Albania, Telekom Albania (now One Albania) agreed to buy 50% of the frequencies that Plus used to operate, alongside Vodafone Albania . In September 2019, One was awarded the 2×10 MHz frequency zone of 811 MHz-821 MHz/852 MHz-862 MHz by Electronic and Postal Communications Authority for 7.44 million euros. In 2020, One claimed that their 4G network covers

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