VIP marks third anniversary in Macedonia

15 Sep 2010

Macedonia’s third cellular operator Mobilkom Macedonia (VIP Mobile), a unit of mobilkom Austria, itself part of Telekom Austria, celebrated the third anniversary of operations in the country by announcing it has secured a roughly 17% market share, on the back of a 70% increase in revenues. At a press conference given to celebrate the cellco’s milestone, VIP chief executive officer Nikola Lusev claimed: ‘The competition is closely monitoring our actions and attempts to copy our every offer even though at the first glance it looks like we are the one who follow. VIP, however, is the leader in key parameters – the price and advantages that customers get with our unique packages. This is our definition of success.’

TeleGeography’s GlobalComms Database writes that VIP Mobile reported net losses of EUR3.7 million (USD4.7 million) for the three months ending 30 June 2010 compared with a loss of EUR5.7 million in the same period a year ago, on revenue that climbed 63.5% year-on-year to EUR8.5 million. The cellco also cut its negative earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR3.1 million in the first half of the year, down from EUR8.3 million in 1H09, it said. VIP Mobile’s negative EBITDA narrowed by 60% on the year to EUR1.6 million in the second quarter alone. The positive results were driven by fast growth in its mobile subscriber base which reached 353,200 as at 30 June 2010, up from 323,000 in March, and 57% higher than the 224,400 figure recorded in June 2009.

North Macedonia, A1 Macedonia (formerly Vip)