Wind Hellas, Tellas net losses mount up despite 14.9% rise in mobile users

17 Feb 2009

Greek cellco Wind Hellas added a total of 144,826 new mobile customers in the fourth quarter of 2008, bringing its total base to 5,193,324 at the end of December, a 14.9% increase over its total a year before. Its low-budget pre-paid brand Q-Card had a total subscriber base of 1,494,741 at the end of 2008, up 25.7% over the figure of 1,188,980 reported at end-2007. Meanwhile, fixed line and broadband subsidiary Tellas reported a slight fall in total customers to 789,116 at the end of the year, down from 792,798 at the outset of 2008. Wind Hellas’s quarterly wireless net revenues were also down at EUR273.2 million (USD349.0 million), compared to EUR289.2 million in 4Q 2007, whilst net losses for the period widened to EUR58.9 million (EUR20.0 million). Tellas reported a net loss in 4Q 2008 of EUR15.9 million, compared to losses of EUR10.3 million a year earlier, despite revenues that rose to EUR35.9 million (EUR29.7 million).