'Beeline Armenia Adds 16,000 Mobile Subscribers In Q3'

[Madatian Greg]

'BEELINE ARMENIA ADDS 16,000 MOBILE SUBSCRIBERS IN Q3'

Digital Media Asia
November 25, 2009 Wednesday

DMASIA-25 November 2009-'Beeline Armenia adds 16,000 mobile subscribers
in Q3'

Vimpelcom Armenia saw its revenues fall 7.8 percent year-on-year to
AMD 19.16 billion (RUB 1.61 billion) in the third quarter. Revenue
generated by mobile operations was RUB 637 million, down 16.6 percent
versus the corresponding period of the previous year, while fixed-line
revenues increased 7.9 percent to RUB 974 million. OIBDA was up by
1.5 percent year-on-year to RUB 825 million, with an OIBDA margin
of 51.2 percent. Mobile OIBDA plunged 9.2 percent year-on-year to
RUB 306 million, and fixed-line OIBDA was up 9 percent to RUB 519
million. The operator, which uses the brand name Beeline, added 16,000
mobile subscribers in the quarter to reach a total base of 502,000
at end-September. Vimpelcom Armenia had 18,100 broadband subscribers
at 30 September. ARPU was up 1.6 percent sequentially to AMD 5,117,
while MOU increased by 12.8 percent quarter-on-quarter to 269.0.