October 17 (SeeNews) - Telekom Austria said the earnings before interest, taxes, depreciation and amortisation (EBITDA) of its Serbian unit Vip Mobile rose by an annual 29.1% on the year to 37.1 million euro ($42.8 million) in the first nine months of 2018.
The unit's total revenue increased 10.7% to 182.2 million euro in the first nine months as a result of higher mobile service income due to the growing share of mobile subscribers in the new tariff portfolio as well as rise of mobile WiFi routers, Telekom Austria said in an interim financial statement.
In the third quarter of 2018 alone, the EBITDA of Telekom Austria's Serbian unit grew 31.4% on the year to 15.6 million euro, while its revenue went up 11.2% to 66.1 million euro, the company said.
The number of wireless subscribers increased by 0.5% year-on-year to 2.205 million at end-September.
Telekom Austria's main competitors are Telenor Serbia, a unit of Norway's Telenor, and state-owned MTS.
Elsewhere in Southeast Europe, Telekom Austria is present in Bulgaria, Croatia, Macedonia and Slovenia.
($ = 0.867125 euro)