VIP signs up 533k subscribers in first four years

21 Sep 2011

Macedonia’s third largest cellular operator by subscribers, Mobilkom (VIP Mobile), has signed up more than 553,000 users since its launch four years ago, PressCut reports. The cellco has invested EUR125 million (USD170.8 million) in the development and rollout of its networks and services in that period, with VIP Mobile’s chief executive Nikola Ljusev adding that his firm has secured a roughly 24% market share, behind rivals T-Mobile and ONE.

According to TeleGeography’s GlobalComms Database VIP Mobile reported revenues of EUR35.8 million in 2010, a sharp 65.2% increase on the previous year, thanks to a steady rise in the subscriber base. In the year as a whole, VIP’s mobile base expanded by 45.6% to 442,000, with a significant proportion of those being new post-paid customers.

North Macedonia, A1 Macedonia (formerly Vip)