Vivacom reports 4.8% increase in revenues in 1H18

15 Aug 2018

Bulgarian telecoms company Vivacom (registered as Bulgarian Telecommunications Company, BTC) has released its financial results for the six months ended 30 June 2018, reporting a 4.8% year-on-year increase in revenues, to BGN453 million (USD263 million), while adjusted EBITDA increased to BGN170.5 million, up 5.8% y-o-y. Capital expenditures for the first half of 2018 amounted to BGN65 million; 66% of the total investment for the period was focused on the development of infrastructure, with 99% of the Bulgarian population now within the company’s 4G footprint.

In operational terms, Vivacom’s mobile subscriber base totalled 3.053 million users at mid-2018, 88% of which were signed up to post-paid contracts. Further, Vivacom reported an 8.9% increase in the number of broadband subscriber accounts, to 492,000, with over half of those using fibre-optic services. Vivacom currently passes 1.15 million households with fibre, providing users with download speeds of up to 100Mbps. IPTV subscriptions, meanwhile, stood at 215,688 at mid-2018, up 15.6% y-o-y.

Bulgaria, Vivacom (BTC)