NUMBER OF ARMENTEL SUBSCRIBERS UP 26% FOR 2ND QT OF 2008

arminfo
2008-09-01 07:29:00

ArmInfo. Number of ArmenTel subscribers was up 26% for he 2nd qt of
2008 and net operating income totaled $64.7 million, says VimpelCom
(Russia) report for 2nd qt of 2008. The number of mobile subscribers
in Armenia totaled 655,000 people as against 520,000 for the 1st qt
of 2008 and 471,000 in the 2nd qt of 2007. ArmenTel's share in the
mobile market in Armenia is 30.5% as against 26.9% for the 1st qt of
2008 and 33.5% for the 2nd qt of 2007.

Operating Income Before Depreciation and Amortization (OIBDA) totaled
$30.3 million including $10.3 million mobile communication, $20.0
million fixed-line communication. OIBDA margin totaled 46.8%.

Average monthly minutes of usage per subscriber (MOU) totaled 164.9
min as against 158.9 min for 1st qt of 2008 and 185.1 for 2nd qt of
2007. Average monthly service revenue per subscriber (ARPU) totaled
$15.3 as against $16.1 for 1st qt of 2008 and $17.3 for 2nd qt of 2007.

Net operating income of the company totaled $64.7 million as against
$59.1 million for 1st qt of 2008 and $58.4 million for 2nd qt of
2007. Mobile communication revenues totaled $26.4 million (40.8%),
fixed line telephony - $38.3 million (59.2%). For the 1st qt of 2008
mobile communication revenues totaled $22.9 million, for the 2nd qt
of 207 - $23.2 million. Revenues of fixed-line telephony totaled $36.2
million for 1st qt of 2008 and $35.2 million for the 2nd qt of 2007.

From: Emil Lazarian | Ararat NewsPress