Author: Telekom Austria
As of end of September 2008 Velcom, the second largest mobile operator in Belarus, grew its subscriber base to 3.5 million customers compared to 3.4 million at the end of June 2008. Velcom increased its market share from 44.4% in 2Q 08 to 44.7% in 3Q 08. The penetration rate in Belarus was 81.3% at the end of September 08.
Velcom contributed EUR 82.4 million to revenues and EUR 41.9 million to EBITDA in 3Q 08, with an EBITDA margin of 50.8%. Velcom's operating income in 3Q 08 amounted to EUR 22.7 million.
Velcom's ARPU grew from EUR 6.9 in 2Q 08 to EUR 7.6 in 3Q 08 primarily due to new attractive tariffs and, to a lesser extent, to currency fluctuations.
Average minutes of use charged per subscriber slightly declined from 165.8 in 2Q 08 to 162.8 minutes in 3Q 08 due to a over-proportional increase in subscriber base compared to the growth in minutes.
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