Vivacom reports revenue, subscriber growth in Q1 2015

13 May 2015

Bulgarian telecoms company Vivacom (registered as Bulgarian Telecommunications Company, BTC) has released its financial results for the three months ended 31 March 2015, reporting a 3.6% year-on-year increase in revenues, to BGN201.3 million (USD115.7 million). The operator noted that mobile services contributed BGN113.5 million to the total in the period under review, up 11.5% y-o-y, while revenues generated by fixed serviced decreased by 5.2% to BGN87.8 million from BGN92.6 million in Q1 2014. Profit for the period reached BGN13.6 million, a 71.0% rise y-o-y on the BGN8.0 million reported in 1Q14, while adjusted EBITDA fell to BGN83.1 million (BGN85.7 million in the previous year).

In operational terms, Vivacom’s mobile subscriber base reached 2.896 million users at end-March 2015, an 11.7% improvement on the figure reported in March 2014, with 85% of the users signing up to post-paid contracts. Further, Vivacom reported a 9.9% increase in the number of broadband subscriber accounts, to 362,000, while the number of fibre-optic users increased to 137,560. Vivacom currently covers 902,000 households with fibre, providing users with download speeds of up to 100Mbps. Fixed telephony subscriptions, meanwhile, stood at 1.162 million, down from 1.290 million at end-March 2014.

Bulgaria, Vivacom (BTC)