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.
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