Croatia’s Vipnet EBITDA falls 15.2% y/y in Januay-June

By bne IntelliNews July 20, 2015

Croatian telecom operator Vipnet, part of Telekom Austria, said on July 17 its EBITDA fell 15.2% y/y to €38.1mn in the first six months of the year impacted by radiofrequency fees and sales cost.

The company’s revenues inched down 0.6% y/y to €174.7mn in January-June, the company said in a statement.

“That is a great result having in mind the business environment, strong competition and adverse regulatory framework. In mobile segment we achieved growth of ARPU and number of postpaid customers. With further expansion of our fixed network for superfast broadband, we even managed to achieve double digit growth in fixed segment. This and our acquisition of Amis will further strengthen Vipnet`s position as the strongest alternative on the fixed market,” Vipnet CEO, Jiri Dvorjancansky said.

The number of mobile subscribers declined 4% to 1.76mn at end-June, mainly due to a decline in prepaid costumers. The number of fixed access lines rose by 14.3% to 237,800. The number of fixed broadband lines increased by 27.7% y/y, while the number of fixed voice services went up 15.5% on the year.

In the first six months of 2015, Vipnet invested €21.7mn, mostly in mobile and fixed new generation networks. In June, Telekom Austria announced it has agreed to acquire Amisco NV, the holding entity of telecom service providers Amis Slovenia and Amis Croatia. The transaction is expected to be completed in the third quarter of the year.

On the Croatian market, Vipnet competes with T-HT (51%-owned by Deutsche Telekom) and Tele2 - the local arm of Swedish telecom company Tele2. 

Related Articles

Iran's supreme leader dumps Telegram Messenger and plugs domestic rivals as ban fears grow

Top Iranian officials including Supreme Leader Ayatollah Ali Khamenei stopped using the Telegram Messenger messaging application and started promoting domestic alternatives in advance of the April 18 ... more

KKR's United Group to invest €293mn in Serbia within next five years

United Group, a leading multi-play (Pay-TV, Broadband, Telephony, Mobile) operator in Southeast Europe, majority owned by US private equity firm Kohlberg Kravis Roberts (KKR), plans to invest ... more

China’s ZTE shares suspended after US hits company for breaking plea bargain over Iran exports

Chinese electronics giant ZTE Corp on April 17 was forced to halt trading of its shares in Hong Kong and Shenzen after the US slapped it with a seven-year ban on buying American-made chips ... more