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VivaCell Subscribers Number 1.49 Million People For Second Qt Of 200

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  • VivaCell Subscribers Number 1.49 Million People For Second Qt Of 200

    VIVACELL SUBSCRIBERS NUMBER 1.49 MILLION PEOPLE FOR SECOND QT OF 2008

    arminfo
    2008-09-01 07:23:00

    ArmInfo. VivaCell subscribers numbered 1.49 million people for the
    second qt of 2008, Mobile TeleSystems financial results for the
    second quarter ended June 30, 2008 say. As compared to the first qt
    the number of subscribers was up 2.3%. Total number of MTS subscribers
    is 91 million people (SIM-cards), VivaCell press-service told ArmInfo.

    Revenues of VivaCell that represents MTS in Armenia totaled $61.5
    million for 2nd qt of 2008, $55.2 million fr 1st qt of 2008. Operating
    Income Before Depreciation and Amortization (OIBDA) totaled $33 million
    and $32 million, respectively. OIBDA margin for second qt totaled
    63.7%, and for the1st qt - 57.9%. Average monthly service revenue
    per subscriber (ARPU) totaled $14.1 for 2nd qt and $13.1for 1st qt.

    Consolidated revenues were up 34% y-o-y to $2,635 million. Consolidated
    OIBDA was up 32% to $1,349 million y-o-y with 51.2% OIBDA margin.

    Consolidated net income up 30% y-o-y to $659 million. Free cash-flow
    generation of $1.1 billion in the first half of 2008.

    In 2009 the company plans to launch 3G in Armenia (in Yerevan, Gyumri
    and Vanadzor) as well as in Uzbekistan. 3G was launched in Russia
    and another 14 towns will be involved till the end of 2008 and over
    40 tows till the end of 2010.

    MTS OJSC reports that growth of revenues in Armenia was connected
    with the growth of the number of connections and increase in use
    of services.
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