Mobilkom Macedonia turns EBITDA positive in FY11

24 Feb 2012

Wireless operator Mobilkom Macedonia (VIP Mobile), a unit of Telekom Austria-controlled mobilkom Austria, turned in positive earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR6.3 million (USD8.3 million) in FY2011, from negative EBITDA of EUR5.2 million a year earlier. According to Telekom Austria Group’s 2011 financial report, VIP Mobile turned to positive EBITDA of EUR5.2 million from a negative EUR2.2 million figure in the fourth quarter alone, on revenues which increased 38% y-o-y to EUR14.1 million from EUR10.2 million previously.

The cellco had signed up more than 566,600 users by 31 December 2011, and has invested EUR125 million (USD170.8 million) in the development and rollout of its networks and services in the four-year period to end-September 2011 (latest available figure), with VIP Mobile’s chief executive Nikola Ljusev adding that his firm has secured a roughly 25% market share by the start of this year, behind rivals T-Mobile and ONE.

North Macedonia, A1 Macedonia (formerly Vip)