Eesti Telekom
Encyclopedia
AS Eesti Telekom is one of the largest telecommunication companies in the Baltics, member of TeliaSonera group. AS Eesti Telekom is a holding company
registered and operating in the Republic of Estonia, whose subsidiaries
provide telecommunications services.
AS Eesti Telekom is not directly involved in commercial operations, and its profit
accumulates mainly from the profits of other companies in the group. In 2008 the net sales of the Eesti Telekom Group totalled 6,190 million kroon
s, a decrease of 1% over the year. The group's net profit
was 1,438 million kroons.
The share capital
of AS Eesti Telekom consists 137,954,528 of ordinary shares with a nominal value of 10 kroons each The company's ordinary shares are divided among shareholder
s in the following manner:
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
registered and operating in the Republic of Estonia, whose subsidiaries
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
provide telecommunications services.
AS Eesti Telekom is not directly involved in commercial operations, and its profit
Profit (accounting)
In accounting, profit can be considered to be the difference between the purchase price and the costs of bringing to market whatever it is that is accounted as an enterprise in terms of the component costs of delivered goods and/or services and any operating or other expenses.-Definition:There are...
accumulates mainly from the profits of other companies in the group. In 2008 the net sales of the Eesti Telekom Group totalled 6,190 million kroon
Estonian kroon
In 1992, coins were introduced in denominations of 5, 10, 20 & 50 senti, as well as 1 kroon. The 1 kroon was struck in cupronickel, the others in aluminum-bronze. However, in 1997, nickel-plated steel 20 senti were introduced, followed by aluminum-bronze 1 kroon in 1998. 5 senti coins were not...
s, a decrease of 1% over the year. The group's net profit
Net profit
Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful...
was 1,438 million kroons.
The share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
of AS Eesti Telekom consists 137,954,528 of ordinary shares with a nominal value of 10 kroons each The company's ordinary shares are divided among shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
s in the following manner:
- TeliaSoneraTeliaSoneraTeliaSonera AB is the dominant telephone company and mobile network operator in Sweden and Finland. The company has operations in other countries in Northern, Eastern Europe, Central Asia and Spain, with a total of 150 million mobile customers...
AB 137,954,528 shares 100%