Vivacom reports growth in revenues, EBITDA in 2018

3 Jun 2019

Bulgarian telecoms operator Vivacom (registered as Bulgarian Telecommunications Company, BTC), has reported annual revenues of BGN948 million (USD541 million) in 2018, up by 6.6% year-on-year. Vivacom’s EBITDA, meanwhile, rose by 12.8% y-o-y to BGN359.8 million in 2018, while capital expenditure increased by 3.6% y-o-y to BGN187.5 million. In the first quarter of 2019, Vivacom’s adjusted EBITDA grew by 30.5% y-o-y to BGN112.5 million, while total revenues increased by 5.5% to BGN235.2 million.

In operational terms, Vivacom’s mobile subscriber base totalled 3.07 million users at end-2018, while broadband subscriber accounts increased by 2.8% to 444,000, up from 432,000 in 2017.

Bulgaria, Vivacom (BTC)