Vivacom’s revenues up 4% in 9M15

4 Nov 2015

Bulgarian telecoms company Vivacom (registered as Bulgarian Telecommunications Company, BTC) has released its financial results for the nine months ended 30 September 2015, reporting a 4.0% year-on-year increase in revenues, to BGN624.8million (USD405.0 million). The operator noted that mobile services contributed BGN355.2 million to the total in the period under review, up 8.8% y-o-y, while revenues generated by fixed services decreased by 5.6% to BGN258.9 million from BGN274.3 million in 9M14. In the period under review, the company reported net profit of BGN12.5 million, down from the BGN16.0 million generated in the corresponding period of 2014, while adjusted EBITDA fell to BGN258.1 million (BGN263.9 million in the previous year).

In operational terms, Vivacom’s mobile subscriber base reached 3.020 million users at 30 September 2015, a 7.5% improvement on the figure reported in September 2014, with 85% of the users signing up to post-paid contracts. Further, Vivacom reported a 9.2% increase in the number of broadband subscriber accounts, to 377,000, while the number of fibre-optic users increased to 158,340. Vivacom currently covers more than one million households with fibre (up 20% y-o-y), providing users with download speeds of up to 100Mbps. Fixed telephony subscriptions, meanwhile, stood at 1.088 million, down from 1.227 million at end-September 2014.

Bulgaria, Vivacom (BTC)