Crnogorski Telekom reported earnings results for the first quarter of 2017. For the period, the company reported net profit declined 77% year-on-year to EUR 600,000 ($652,740). The revenue of the company decreased by 8% to EUR 19.8 million due to the negative effects of regulatory changes, increased competition in the fixed access market, accelerated Fixed Mobile Substitution (FMS) and decreased incoming traffic. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 17% to EUR 6.1 million, while the number of mobile subscribers rose 6% to 353,000.