Makedonski Telekom revenues decline 9.1% to HUF 17 bln in Q3

Friday 9 November 2012 | 08:39 CET | News
Magyar Telekom's Macedonian subsidiary Makedonski Telekom saw its revenues in Q3 decline 9.1 percent year-on-year to HUF 16.570 billion. Of the total, mobile revenues represented HUF 9.093 billion, down 8.7 percent, and fixed revenues were HUF 7.385 billion, a decrease of 10.0 percent.

The decrease in mobile revenues was mainly due to lower voice-retail revenues. Higher outgoing minutes could not offset the lower subscription fees as a result of promotion for new subscribers, and the declining postpaid customer base. Non-voice revenues decreased slightly as a result of lower messaging revenues due to the lower number of SMS sent in Q3 2012.

T-Mobile Macedonia's number of mobile customers dropped by 5.0 percent to 1.227,111 million (i.e. 47.8 percent market share in accordance with the internal estimates). Of these, 31.3 percent were postpaid customers, down from 31.7 percent a year ago. Mobile ARPU fell by 5.3 percent to HUF 2,215, while MoU increased by 22.8 percent to 167.

The decrease in total fixed line revenues was primarily the result of lower voice-retail revenues reflecting the loss of fixed lines and lower traffic impacted by mobile substitution. The decrease in voice wholesale revenues is mainly driven by lower international incoming traffic revenue due to the lower volume of traffic. The decline in data revenues is a result of the decreased international and domestic leased lines. Increasing TV revenues due to the growing IPTV subscriber base slightly mitigated the decrease in fixed line revenues.

Makedonski Telekom remains a leader on the market with market share of 73 percent in the fixed telephony and 54 percent in the broadband internet, in accordance with the internal estimates. The revenues from internet and digital television via internet protocol (IPTV) have increased by 3.0 percent compared to the third quarter of the previous year. The focus on double and triple play packages resulted in increased number of DSL customers by 6.1 percent whereby the customer base of DSL reached 167,000 customers at the end of September. The number of IPTV customers has significantly increased compared to September 2011 by 63.9 percent, whereupon the number of customers at the end of September 2012 was 58,000. Despite the fact that the revenues from the voice services in the fixed segment have decreased by 7.6 percent compared to the same quarter in the previous year, with 294,000 customers at the end of September 2012, Makedonski Telekom has retained its leading position.

EBITDA improved by 16.6 percent in HUF terms to HUF 11.994 billion deriving mainly from higher other operating income deriving from the real estate transaction resulting a HUF 3.7 billion gain, where four old buildings were exchanged to a new one in the third quarter of 2012.

The net profit for the third quarter of 2012 on the Group level has increased by 21.9 percent compared to the previous year as a result of the increased other operating revenues and expenditures due to the transaction for purchase and sale of real estate with an exchange, which resulted in net profit of MKD 1.88 billion for the quarter and net profit of MKD 3.65 billion for the first nine months of 2012.

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Categories: General
Companies: Magyar Telekom / Makedonski Telekom / T-Mobile Macedonia
Countries: Macedonia, the Former Yugoslav Republic of
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