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.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more