VIP doubles revenues; subs down after base ‘clean out’ (Macedonia)

May 15, 2009 at 23:00 Leave a comment

Mobilkom Macedonia (VIP Mobile) doubled its revenues in the first quarter of this year, according to the financial report published by its parent Telekom Austria. In the three months under review VIP Mobile reported revenues of EUR3.9 million (USD5.3 million), compared with EUR1.8 million in the same time period last year. The strong rise was attributed to ‘high subscription fees’ as well as a significant increase in the number of customers on its books. Nevertheless, the company posted a net pre-tax loss of EUR4.3 million in the first three months of 2009, down from a loss of EUR6 million in the same time period last year. VIP Mobile, the third largest mobile operator in the Republic of Macedonia by subscribers, had 213,000 customers by 31 March 2009, compared to 163,300 customers a year earlier. The number of subscribers has declined from 242,000 at the end of December 2008 however, as a result of the firm removing inactive customers from its base.

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Entry filed under: Financial, Macedonia, Mobilkom, Telekom Austria, VIP Mobile. Tags: , , , , .

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