Fresh Wind in 2Q

13 Aug 2007

Greek mobile operator Wind Hellas (which changed its name from TIM Hellas in June), signed up 222,294 net new subscribers in the second quarter of 2007 to reach a total of 4.389 million at the end of June. The total includes sister brand Q-Telecom, its former subsidiary which merged with Wind after the two GSM operators were bought by Weather Investments in February. Q-Telecom’s customer base rose by around 90,000 in the three months ended June 2007 to 1.256 million. Combined pro forma quarterly net loss widened to EUR14.9 million (USD20.4 million), compared to EUR800,000 in 2Q06, on revenues that rose by 7.4% year-on-year to EUR275.3 million (USD377.1 million), while EBITDA dropped 16.2% year-on-year to EUR78.8 million, and operating profit fell 41.4% to EUR26 million, affected by rises in costs related to the company’s re-branding. Monthly ARPU in 2Q07 fell to EUR21.9, down from EUR25.4 a year earlier.

Greece, Wind Hellas (OLD don't use)