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TOP ESTONIAN ENTERPRISES

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EESTI TELEKOM AS<br />

The Most Competitive<br />

Communication and<br />

IT-services Enterprise<br />

2009<br />

Leaders of the<br />

information<br />

society!<br />

The fact that times have become<br />

tougher is no particular news anymore.<br />

What makes it special in case of<br />

each enterprise is how they manage<br />

to go along with the difficult times.<br />

Looking at numbers, one could say<br />

that there is no reason to be overly optimistic.<br />

The director of Eesti Telekom<br />

Valdo Kalm says that he is generally<br />

an optimistic person, but he cannot<br />

currently foresee a quick improvement<br />

of the economic climate. Last<br />

year, three companies in the group –<br />

EMT, Elion and Microlink – developed<br />

their own common vision, which was<br />

consistently implemented in 2008 and<br />

continues to be implemented. The vision<br />

is simple and striking: “Leaders<br />

of the information society!”<br />

EMT, Elion and MicroLink are now jointly operating<br />

in the name of improving the information<br />

society. Last year, several meetings were held<br />

with the management boards of subsidiaries<br />

and thus the vision was born. At first, the slogan<br />

“Leaders of the information society” might<br />

sound very simple and obvious, but the reality<br />

is quite different. “We see a long tunnel here, in<br />

which there are different strategies. We began<br />

to implement this in 2008 and started with the<br />

project “Come along!”, which means internet<br />

for 100,000 more people. In cooperation with the<br />

“Let’s do it!“ team, we launched the “My Estonia”<br />

project. It started with us thinking how to<br />

use technology to the benefit of Estonia even<br />

more. We could see that some changes were<br />

needed here and this fits in well with the implementation<br />

of our vision,” Kalm is convinced.<br />

The “Come along!” project is in full swing, the internet<br />

bus is driving around in places where it<br />

has not been before. Including people in the internet<br />

world is purely a project of the three subsidiaries<br />

of Eesti Telekom. Telekom itself has<br />

contributed quite a lot and part of the money was<br />

received from the European Union structural<br />

funds. There is also very active involvement in the<br />

“My Estonia” project. According to Kalm, time is<br />

our biggest contribution in the project.<br />

In 2008, two major factors impacted the activity<br />

of Eesti Telekom. Although mobile and broadband<br />

services have been successful, the company<br />

has been influenced by the economic<br />

downturn as well as national and Europeanwide<br />

regulations in the last two quarters. Regulations<br />

generally mean that prices must be<br />

lowered in the mobile sector and EMT is required<br />

to oblige. “The turnover decreased but<br />

we still managed to increase the profit and the<br />

margins of our activity also increased, which in<br />

turn shows sustainability. Increase in the number<br />

of customers in mobile as well as broadband<br />

internet has confirmed the fact that<br />

internet is a human need,” Kalm concludes with<br />

satisfaction.<br />

Kalm recognises that although the cooling off<br />

of the economy already showed serious signs in<br />

2008, the enterprises of Telekom Grupp have<br />

managed to adapt to the changing conditions.<br />

What does this mean? In all three enterprises,<br />

cost-effectiveness programs have been implemented<br />

already since spring 2008 in order to<br />

reconcile the costs with the benefits. In addition,<br />

EMT and Elion have managed to preserve<br />

very secure market shares in their business.<br />

“Preserving the market share has always been<br />

our goal and we have succeeded,” says the director<br />

of the enterprise.<br />

Kalm is looking forward to this autumn. The<br />

man who is always optimistic now has notes of<br />

doubt in his words and thinks that it will be in no<br />

time soon that we will see economic recovery.<br />

“We have definitely not reached bottom yet, the<br />

number of jobs will decrease further and I think<br />

and fear that there will probably really be<br />

56

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