VIP reports 303,700 at end-2009

26 Feb 2010

Macedonia’s third mobile operator Mobilkom Macedonia (VIP), owned by Telekom Austria via its wireless arm mobilkom Austria, reported a 25.5% increase in net users last year, reaching a total of 303,700 by the year-end. The gains helped the cellco increase its market share from 10.7% at end-2008 to 15.9% a year later.

VIP posted FY2009 revenue of EUR6.4 million (USD8.6 million), up 70% year-on-year on the back of strong subscriber gains. EBITDA decreased from EUR3.9 million in 2008 to EUR2.2 million last year, Dnevnik reports.

North Macedonia, A1 Macedonia (formerly Vip)