Velcom revenues up 14.3% to EUR 86.4 mln in Q2

Aug 18, 2010 (DMEUROPE via COMTEX) -- Belarusian mobile operator Velcom reports its revenues increased by 14.3 percent year-on-year to EUR 86.4 million in Q2, driven by higher revenues from equipment, subscription and traffic as a result of the 3G launch, as well as higher interconnection revenues. The negative effect of foreign exchange translation reduced and amounted to EUR 0.2 million in the second quarter of 2010, parent company Telekom Austria reported.

EBITDA rose by 8.8 percent from the year-ago period to EUR 42.2 million. In Q2, Velcom's operating income grew by 3.8 percent year-on-year to EUR 21.6 million. At the end of June, Velcom's subscriber base was up 8.6 percent year-on-year to 4.1 million customers. Velcom's market share declined to 41.1 percent from 43.1 percent in June 2009, due to the rising market share of the third operator in Belarus. The penetration rate in Belarus rose to 106.3 percent at the end of June from 91.5 percent a year earlier. Despite strong competition, ARPU remained stable year-on-year at EUR 6.4.


Partners: Social Network