Posts filed under ‘Velcom’
Telekom Austria announces the net additions it made in the mobile sector in the month of November and December of 2008. The group posted a subscriber base of 17.8 million at the end of December 2008, up from 15.4 million a year earlier, a rise of 15.2%. Mobilkom Austria reported 140,500 net addition during Q4′08 expanding its susbcriber base to 4.5 million. Mobitel Bulgaria added 202,500 subscribers in Q4′08 whereas Velcom, Belarus’ second largest telco, saw a rise in subscriber base by 20.9% from 3.1 million customers at year-end 2007 to 3.7 million at the end of 2008. VIPnet, the Croatian incumbent, grew its subscriber base by 14.7% to 570,600 subscribers. VIP Serbia’s subscriber base rose by 78.4% to 907,900 subscriber base at December’08 end on the other hand VIP Macedonia, had 242,000 subscribers at year-end 2008 compared to 141,200 subscribers at the end of 2007, an increase of 71.4%.
Mobile network operator Belarusian Telecommunications Network (BeST), which is now majority-owned by Turkey’s Turkcell, is looking to increase its share of the domestic mobile market to around 33% after 2009, as it looks to close the gap on larger rivals MTS Belarus and Mobile Digital Communications (Velcom). In July this year Turkcell agreed to buy an 80% stake in BeST from the State Committee on Property of the Republic of Belarus for USD500 million, plus a further payment of USD100 million when BeST records its first full-year profit. Turkcell also agreed to invest USD500 million in the company’s development over the next ten years. BeST currently has around 200,000 customers, a market share of less than 5%.