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Armentel's Investments In Armenia $35.5mln In 1st Half 2008

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  • Armentel's Investments In Armenia $35.5mln In 1st Half 2008

    ARMENTEL'S INVESTMENTS IN ARMENIA $35.5MLN IN 1ST HALF 2008

    ARKA
    Sep 1, 2008

    YEREVAN, September 1. /ARKA/. The ArmenTel Company's (Beeline brand)
    investments in Armenia reached $35.5mln in the first half 2008. The
    company's press service reports that ArmenTel's clients had numbered
    655,000 by June 30, 2008, - a 26% increase in the 2nd quarter 2008
    as compared with the corresponding period last year.

    ArmenTel's operating income before depreciation and amortization
    (OIBDA) totaled $30.5mln in the 2nd quarter 2008, the shares of mobile
    communication and fixed-line communications being $10.3mln and $20mln
    respectively - a 4.1% increase as compared with the 1st quarter 2008.

    In the 1st quarter 2008, the net operating income of the VimpelCom
    Company (sole owner of the ArmenTel CJSC) totaled $64.7mln - a 10.8%
    increase as compared with the corresponding period last year, and a
    9.5% increase against the 1st quarter 2008.

    In the 2nd quarter 2008, the company recorded a 3.8% increase in
    the average MOU (monthly output per user) against the 1st quarter -
    164.9 min.

    The average revenue per user (ARPU) reached $15.3.
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