Elisa reports 1H 2010 results

16 Jul 2010

Elisa Corporation has released its interim report for January to June 2010. In the second quarter to 30 June, revenue was EUR364 million (USD467 million), and stood at EUR717 million for the full half-year, up from EUR706 million in the same period last year. Profit before tax amounted to EUR53 million in the 2Q 2010 and EUR63 million for the half-year, a considerable drop from EUR109 million in the first-half 2009. Average revenue per user (ARPU) in the mobile business increased slightly to EUR22.4per month in the second quarter, from EUR22 per month in 1Q, while churn was 15.9%, from 15.4% in the previous quarter. Mobile subscriber numbers increased by 118,000 during the second quarter, due, in particular, to new 3G customers, as well as increased uptake of mobile broadband. The company said that during the second quarter it has continued to invest in the construction of its 3G network, which enables mobile broadband, in nearly 100 new areas, and its 4G network, for pre-commercial use in Helsinki.

Finland, Elisa Corporation