MakTel’s Q4 revenues dip 16.6% to HUF15.8bn

1 Mar 2013

Incumbent fixed and mobile operator Makedonski Telekom (MakTel) has reported a 16.6% decline in revenues to HUF15.830 billion (USD70.3 million) in Q4 2012, as a sharp drop in sales of both fixed and mobile services ate into its top line. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 28.2% year-on-year for the three months under review, to HUF6.649 billion, again impacted by lower revenues. However, the carrier said that operating costs were broadly unchanged on the corresponding year-earlier period. MakTel said total mobile turnover of HUF8.034 billion was 19.4% lower on an annualised basis and total fixed line sales of HUF7.619 billion was down 14.5%.

The carrier noted that the decline in mobile turnover in FY2012 was the result of lower voice (retail) minutes, adding that an increase in outgoing minutes failed to offset lower subscription fees and a drop in post-paid users. Further, MakTel reported that revenues derived from data/SMS slumped 18.7% y-o-y, as rising mobile internet usage was wiped out by a sharp fall in SMS/MMS revenue and messages sent. The operator closed out 2012 with a total of 1,181,437 mobile customers, down 6.5% quarter-on-quarter, of whom 32.4% were on monthly contracts. Blended monthly ARPU fell 13.4% to HUF1,964, although minutes of use (MOU) climbed 21.4% to 180 minutes.

In the fixed line segment, MakTel reported that declining subscriber connections, due to fixed-to-mobile substitution and competition, coupled with lower voice (retail) traffic to weaken its Q4 performance. As at 31 December the carrier had a total of 291,328 fixed line (voice) accesses, down 6.4%, while DSL subscriptions stood at 172,166 (6.7%) and IPTV users reached 66,140 (64.8%). Despite these additions, MakTel said internet revenues fell year-on-year although the positive impact of increased IPTV sales mitigated the overall drop.

North Macedonia, Makedonski Telekom (Telekom)