VIPnet EBITDA up 10.3%

29 Feb 2008

Croatia’s second largest cellco by subscribers, VIPnet, a subsidiary of Austria’s Mobilkom, posted revenues of EUR514.2 million for the full-year 2007, an increase of 8.3% compared to 2006. EBITDA rose by 10.3% to EUR210.2 million, while EBIT increased by 21.8% to EUR136.7 million. VIPnet’s GSM subscribers increased by 14% year-on-year to 2.2 million at the end of December, which it claimed gave it a market share of 43%, virtually unchanged over twelve months.

Croatia, A1 Hrvatska (formerly VIPnet/