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Bulgarian telco BTC grows EBITDA, revenue in 2018, Q1'2019

Author Mario Tanev
Bulgarian telco BTC grows EBITDA, revenue in 2018, Q1'2019 Author: Vivacom. License: All rights reserved.

SOFIA (Bulgaria), May 29 (SeeNews) - Bulgarian Telecommunications Company (BTC), which operates under the Vivacom brand name, said on Wednesday that its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by an annual 12.8% to 359.8 million levs ($205 million/184 million euro) in 2018.

BTC's total revenue increased by 6.6% to 948 million levs last year, the company said in a statement.

In the first quarter of 2019, BTC's adjusted EBITDA grew by 30.5% year-on-year to 112.5 million levs, while total revenue added 5.5% to 235.2 million levs.

The group's customers on the mobile segment dropped 2% on the year to 3.07 million at the end of 2018. IPTV clients increased 4.7% to 468,000.

On the Bulgarian mobile telecoms market the company competes with А1 Bulgaria, part of Telecom Austria and Telenor Bulgaria, a unit of Czech-controlled PPF Group.

(1 euro = 1.95583 levs)