Mobile boosts Matav results

11 Feb 2004

A 9.3% boost in sales from its wireless division helped Matav report an overall 2.8% increase in its turnover for the year ending 31 December 2003. Group sales for the year were HUF607.3 billion, while EBITDA climbed 2.2% to HUF250.4 billion. The group’s fixed line division reported a 3.5% increase in turnover to HUF324.6 billion, but this was partially offset by a decline in revenue from domestic and international traffic.

Operational highlights for the year included the installation of 103,564 ADSL lines, although its overall number of PSTN lines fell by 1.8%. Its wireless subsidiary Westel claimed a market share of 47.4% at the end of 2003 with 3.8 million customers; post-paid users represented 26.1% of the total base, up from 25% a year earlier.