Budget Telecom reported revenue results for the fourth quarter and full year 2014. In the fourth quarter, the operator reported a EUR 2.3 million turnover, versus EUR 2.9 million in the fourth quarter of 2013.

For the year, the company recorded a revenue down 34% to EUR 9.6 million in 2014, compared with EUR 14.6 million a year earlier, after deciding to abandon lossmaking activities to focus on higher margin niche telecom segments. The decrease was especially steep in Budget's B2B and international B2C businesses, and less so in domestic B2C operations.