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.