Vip operator, the third largest mobile operator in the Republic of Macedonia, had 265,500 customers in 3Q 09 compared to 250,900 customers in 3Q 08. Vip operator’s market share was 12.9% at the end of 3Q 09 compared to 11.5% in 3Q 08. At the end of September 2009 the penetration rate in the Republic of Macedonia was 100.5% compared to 107.5% at the end of September 2008. The cancellation of inactive subscribers from the customer base by one of the competitor led to the decline in penetration.
Operating performance in the Republic of Macedonia improves as revenues nearly doubled
Vip operator’s revenues nearly doubled to EUR 6.2 million in 3Q 09 compared to EUR 3.9 million in 3Q 08 as a result of higher subscription and traffic revenues driven by the increase of customer base and usage.
The negative EBITDA of the company improved from EUR 4.4 million in 3Q 08 to EUR 2. 9 million in 3Q 09 reflecting a continuing enhancement of the operating performance.
Operating loss was reduced to EUR 4.7 million in 3Q 09 compared to an operating loss of EUR 5.6 million in 3Q 08.