ArmenTel (Beeline) reports slump in fixed, mobile revenue

13 Mar 2013

ArmenTel, which offers fixed and mobile services in Armenia under the banner Beeline, has reported a drop in revenue for the fourth quarter of 2012. The company, a wholly owned subsidiary of Vimpelcom of Russia, booked turnover of USD21 million in Q4 2012, down from USD26 million in the year-earlier period, while mobile revenue dipped by USD2 million to USD18 million. The operator added a net 34,995 new mobile users between December 2011 and December 2012, for a total of 800,412, as mobile broadband users increased to 355,777 from 320,500. Blended monthly average revenue per user (ARPU) fell from USD7.6 in Q4 2011, to USD6.6 in the latest reporting period, although churn was reined in from 24% to 22.2%, its parent said. In the fixed broadband sphere, ArmenTel added around 20,000 net new connections past year for a total of 154,000 at 31 December 2012; fixed broadband ARPU declined from USD14.8 per month to USD12.6.

Armenia, Team Telecom Armenia (formerly Beeline)