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A1 Telekom Austria's Serbian unit 9-mo EBITDA rises

Author Radomir Ralev
A1 Telekom Austria's Serbian unit 9-mo EBITDA rises Author: Joseph Morris. License: Creative Commons, Attribution 2.0 Generic.

BELGRADE (Serbia), October 18 (SeeNews) - A1 Telekom Austria Group said the earnings before interest, taxes, depreciation and amortisation (EBITDA) of its Serbian unit Vip Mobile rose by 10.6% year-on-year to 63.8 million euro ($71 million) in the first nine months of 2019.

The unit's total revenue increased 8% to 207.9 million euro in the first nine months as a result of the solid demand for unlimited voice services, SMS tariffs with flat data allowances and mobile WiFi routers, Telekom Austria said in an interim financial statement for the first nine months of the year.

In the third quarter of 2019 alone, the EBITDA of Telekom Austria's Serbian unit grew 16.2% on the year to 24.4 million euro, while its revenue went up 8.1% to 73.9 million euro.

The number of wireless subscribers increased by 5.9% year-on-year to 2.335 million at end-September.

Vip Mobile's main competitors are TelenorSerbia, a unit of Czech Republic-based investment group PPF, and state-owned MTS.

Elsewhere in Southeast Europe, A1 Telekom Austriais present in Bulgaria, Croatia, North Macedonia and Slovenia.

($ = 0.898356 euro)