Telekom Austria's Serbian unit improves H1 EBIT to minus EUR 12mn.

By bne IntelliNews August 17, 2012
The Serbian unit of Telekom Austria, Vip Mobile, improved its EBIT to minus EUR 12mn in the first six months of 2012 from minus EUR 15.5mn a year earlier, the parent company said in a statement. The Serbian operator's revenue jumped 15% on the year to EUR 75.5mn in Jan-Jun, lifted by higher contract subscriber number and higher usage. In the second quarter alone, Vip Mobile's EBIT improved by 22.7% as well to minus EUR 5.2mn as revenue rose 7.9% to EUR 38.2mn. The number of customers rose 12% y/y to some 1.69 million in the second quarter after Vip focused on postpaid customers. Vip's mobile market share rose to 16.5% at end-June from 14.7% a year earlier. Average revenue per user declined 2.6% y/y to EUR 7.1 in Q2 entirely due to negative foreign exchange translation effects. 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 139.1% at end-June from 138.4% a year earlier, Telekom Austria said.
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    5 days ago
  2. Russia’s war economy boosted by rising oil prices
    7 days ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    6 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. Iran vs Israel: Who is better equipped for war?
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    28 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    26 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss