Telekom Austria's Serbian unit cuts Q1 operating loss 24% to EUR 6.8mn.

By bne IntelliNews May 14, 2012
The Serbian unit of Telekom Austria, Vip Mobile, improved its operating loss to EUR 6.8mn in the first three months of 2012 from EIR 8.9mn a year earlier, the parent company said in a statement. The Serbian company's revenue jumped 23.5% on the year to EUR 37.3mn in Jan-March as the bigger number of customers and higher usage lifted monthly fee and traffic revenues, as well as interconnection earnings. The number of customers rose 17.1% to more than 1.6 million over the period thanks to expansion in contract and mobile broadband segments. Vip's mobile market share rose to 16.1% at end-March from 14.2% a year earlier. Average revenue per user climbed 5.3% to EUR 6.9 as a result of contract subscriber growth and higher volumes. Vip competes with two other mobile operators on the Serbian market - state-controlled Telekom Srbija's mobile arm m:ts and Norway's Telenor local unit of the same name. Serbia's mobile penetration rate climbed to 141.3% at the end of last year from 134.1% at end-2010, Telekom Austria said.

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