Wind Hellas narrows loss, adds 76k mobile users in Q4; Tellas loses 25k fixed users

19 Feb 2008

Greece’s third largest cellco Wind Hellas (including Q-Telecom) has posted a small increase in revenues to EUR299 million (USD438 million) in the three months to the end of December 2007, up from EUR288 million in the same period of 2006. Operating income rose to EUR58 million from EUR27 million a year earlier, while net losses narrowed to EUR20 million from EUR58 million. Wind, owned by Egyptian-backed Weather Investments, added 76,000 new customers in the fourth quarter to claim 4.52 million users at the end of the year, up 15.8% year-on-year, with pre-paid GSM service Q-Card (the former operations of wholly owned subsidiary Q-Telecom) accounting for 1.189 million users, up 14.9% year-on-year. Monthly ARPU fell to EUR20.2 from EUR23.3 a year earlier. Wind’s fixed line division Tellas, which it acquired last October, reported a 7.7% year-on-year jump in quarterly sales to EUR30.7 million, mainly driven by growth in its unbundled local loop customer base, partially offset by lower revenues from outgoing fixed line traffic. Despite the rise in turnover, Tellas suffered a pre-tax loss of EUR 8.4 million in Q4 2007, compared with EUR 7.7 million a year ago, whilst it lost 25,600 fixed line customers in the period, giving it an end-year total of 782,000 (down 5.7% y-o-y). Wind plans to rebrand Tellas under the Wind Hellas umbrella.