Tweet
Orange Armenia is going to complete the year 2012 with a zero balance
and operate at a profit in 2013
arminfo
Saturday, December 8, 11:20
Orange Armenia is going to complete the year 2012 with a zero balance
of operating income and expenditure and to operate at a profit in
2013, Chief Executive Officer of Orange Armenia Francis Gelibter says
in his interview with ArmInfo. By late 2013 the company will cover the
investments in formation and development of the network. When
characterizing the company's development, he pointed out that in Q3
2012 versus Q3 2011 consumption grew by approximately 7% in the
Armenian markets of mobile communication and wireless broadband
internet, and the growth among the Orange subscribers made up 41%. In
2012 Orange Armeni invested about 12 mln EUR, and over its three-year
activity in Armenia the company invested about 30 mln EUR to acquire
the relevant equipment.
Francis Gelibter said that the leadership of France Telecom highly
estimated the company's achievements: during the October meeting of
the France Telecom Group representatives in Romania, Orange Armeni
was awarded a prize as the best company in terms of efficiency and
development dynamics. To recall, Francis Gelibter took his office
precisely 100 days ago, and over this period of time he has come to
the conclusion that the Armenian telecoms market is very competitive
and the subscribers have an opportunity of choice. He said that under
these conditions the company can prove that it has an advantage over
others not due to the lack of competition, but due to the fact that it
is the best in the competitive fight.
Gelibter thinks that the year 2013 will be significant in terms of
development of the product range, as the company will start preparing
for transition to the Mobile Number Portability (MNP). To introduce
this system in 2013, the company will continue working with the
Armenian Public Services Regulatory Commission and with the other two
telecommunication mega-operators of Armenia.
Orange Armeni has also outlined other innovations for 2013. Gelibter
says that the company's ideology in its work with subscribers is the
same: provision of high-quality services both via the call center and
the sales offices. The company will keep on being an innovative
operators and being the first to offer new services and offers to the
market, as well as to keep lead in offering its customers the best
price for the best service.
To note, the subscriber base of Orange Armenia as of Q2 2012 numbered
644.7 thsd (6.3% y-o-y growth). The number of broadband internet
users totaled 77.6 thsd (18.7% y-o-y growth).
According to the analytical bulletin "Financial Analysis of the
Largest Manufacturing Enterprises of Armenia" by the Agency of Rating
Marketing Information (ArmInfo), in 2011 the assets of Orange Armenia
amounted to 43.9 bln AMD (over $107.8 mln), inventory holdings - about
613.1 mln AMD, bank loans - 72.9 bln AMD. In 2011 the company's
proceeds totaled about 14 bln AMD (75.7% y-o-y growth). The
accumulated loss totaled 62.3 bln AMD.
To note, France Telecom operates in 33 countries. The company entered
the Armenian market in Nov 2009.
and operate at a profit in 2013
arminfo
Saturday, December 8, 11:20
Orange Armenia is going to complete the year 2012 with a zero balance
of operating income and expenditure and to operate at a profit in
2013, Chief Executive Officer of Orange Armenia Francis Gelibter says
in his interview with ArmInfo. By late 2013 the company will cover the
investments in formation and development of the network. When
characterizing the company's development, he pointed out that in Q3
2012 versus Q3 2011 consumption grew by approximately 7% in the
Armenian markets of mobile communication and wireless broadband
internet, and the growth among the Orange subscribers made up 41%. In
2012 Orange Armeni invested about 12 mln EUR, and over its three-year
activity in Armenia the company invested about 30 mln EUR to acquire
the relevant equipment.
Francis Gelibter said that the leadership of France Telecom highly
estimated the company's achievements: during the October meeting of
the France Telecom Group representatives in Romania, Orange Armeni
was awarded a prize as the best company in terms of efficiency and
development dynamics. To recall, Francis Gelibter took his office
precisely 100 days ago, and over this period of time he has come to
the conclusion that the Armenian telecoms market is very competitive
and the subscribers have an opportunity of choice. He said that under
these conditions the company can prove that it has an advantage over
others not due to the lack of competition, but due to the fact that it
is the best in the competitive fight.
Gelibter thinks that the year 2013 will be significant in terms of
development of the product range, as the company will start preparing
for transition to the Mobile Number Portability (MNP). To introduce
this system in 2013, the company will continue working with the
Armenian Public Services Regulatory Commission and with the other two
telecommunication mega-operators of Armenia.
Orange Armeni has also outlined other innovations for 2013. Gelibter
says that the company's ideology in its work with subscribers is the
same: provision of high-quality services both via the call center and
the sales offices. The company will keep on being an innovative
operators and being the first to offer new services and offers to the
market, as well as to keep lead in offering its customers the best
price for the best service.
To note, the subscriber base of Orange Armenia as of Q2 2012 numbered
644.7 thsd (6.3% y-o-y growth). The number of broadband internet
users totaled 77.6 thsd (18.7% y-o-y growth).
According to the analytical bulletin "Financial Analysis of the
Largest Manufacturing Enterprises of Armenia" by the Agency of Rating
Marketing Information (ArmInfo), in 2011 the assets of Orange Armenia
amounted to 43.9 bln AMD (over $107.8 mln), inventory holdings - about
613.1 mln AMD, bank loans - 72.9 bln AMD. In 2011 the company's
proceeds totaled about 14 bln AMD (75.7% y-o-y growth). The
accumulated loss totaled 62.3 bln AMD.
To note, France Telecom operates in 33 countries. The company entered
the Armenian market in Nov 2009.