↑ Scroll to top

Geocell President comments on Sales Performance

Published: July 25, 2013 | 8:20 am
Text size: -A +A
pasi-koistenen_geocell

In a written response to TV3, the President of Geocell Pasi Koistinen is blaming the 8.3% fall in sales figures on the unhealthy business environment in the country. According to him, this environment is also reflected in a number of recent State tenders. Mr. Koistinen admits that his company could not compete with Magticom in a recent consolidated tender, and as a result, lost some of its customers to its rival network. The Geocell President adds that in spite of the falling sales, the company’s profit margin has increased from 38% to 44%. Following their victory in the consolidated tender, Magticom will supply all State Departments with mobile network services until February next year.

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Headline,Local Business News
  • Nodar Khaduri: “Windstorm Caused Around GEL 10 Million Damage”
  • New Wave of Georgian-Korean Relations Blows into Economy
  • Is ‘Georgian Dream’ to Investigate the ‘Aviation Sins’ of the President’s Mother?
  • Paradox Georgia Claims SMS Advertising is Efficient