Vip operator’s market share up to 19.0%
The mobile communication subscriber base of Vip operator in the Republic of Macedonia almost doubled to more than 388.000 customers in the third quarter of 2010. This was driven by a strong growth of its contract subscriber base as Vip operator’s contract share increased to 31.6% in the third quarter of 2010 compared to 27.4% in the same period of the previous year. This pushed Vip operators market share from 12.9% at the end of September 2009 to 19.0% at the end of September 2010.
Vip operator’s revenues grew by 66.8% to EUR 10.2 million in the third quarter of 2010 compared to the same period of the previous year as Monthly Fee and Traffic as well as Interconnection Revenues increased as a result of a higher number of mobile subscribers.
Operating expenses increased by almost 15% to EUR 10.3 million, due to the higher number of mobile customers and more handsets sold. Vip operator achieved a positive EBITDA comparable of EUR 0.1 million versus a negative EBITDA comparable of EUR 2.8 million in the third quarter of 2009.
Thus, the operating loss declined by 53.9% to EUR 2.2 million in the third quarter of 2010 compared to EUR 4.7 million in the same period of the prior year.