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Telenor Bulgaria's H1 EBITDA edges up 1.2% y/y, revenue adds 1.4%

Author Mario Tanev
Telenor Bulgaria's H1 EBITDA edges up 1.2% y/y, revenue adds 1.4% Telenor Bulgaria/Facebook

SOFIA (Bulgaria), August 27 (SeeNews) - Telecommunications company Telenor Bulgaria, a unit of Czech-owned PPF Group, said on Tuesday that its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by an annual 1.2% to 82 million levs in the second quarter of 2019.

Telenor Bulgaria generated an EBITDA of 89 million levs in the first quarter of 2019, according to previously published data.

The company's revenue added 1.4% year-on-year to 180 million levs in the April-June period of 2019, Telenor Bulgaria said in a statement.

Average revenue per user (ARPU) increased by 8% to 15.5 levs in the second quarter.

Telenor Bulgaria's clients decreased slightly during the review period, and numbered 3.04 million at the end of June.

On the Bulgarian mobile segment, the company competes with A1 Bulgaria, the local unit of Telekom Austria and Bulgarian Telecommunications Company (BTC), which operates under the brand name Vivacom.

(1 euro = 1.95583 levs)

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