Wind Hellas 9-mth revenues up 3.3%, EBITDA grows 17.7%

Thursday 6 December 2018 | 12:30 CET | News

Greek operator Wind Hellas reported revenues of EUR 383.4 million for the first nine months of 2018, up 3.3 percent from a year earlier. Adjusted EBITDA grew 17.7 percent to EUR 90.2 million. The company said it spent EUR 68.2 million on network investments in the period and expects to spend a total of EUR 105 million in all of 2018.

Wind said it saw positive results in each quarter, with growth on all markets. In early November it also improved its balance sheet and reduced interest expenses by making partial payment of EUR 70 million on its loan of EUR 345 million expiring in 2021. 

In the mobile market, service revenues totaled EUR 244.2 million in the nine months, up 3.4 percent from a year earlier. LTE coverage reached 91.4 percent at the end of September, and the company targets 95 percent by year-end. Data traffic increased 65.9 percent year-on-year, and 72.6 percent of data traffic went over the 4G network in Q3. 

Revenues from fixed telephony services increased by 3 percent year-on-year to EUR 139.3 million, helped by a 55 percent increase in next-generation broadband subscribers. The company ended the period with a total of 605,000 customers, up 3.3 percent from a year ago. Households using converged services increased 4 percent to 227,000, and the pay-TV service Wind Vision added over 10,000 new subscribers in Q3 alone, to finish September with a total of 19,300. 

Wind said it had activated 80,000 NGA fibre lines on its own network at the end of the quarter. It aims to complete fibre coverage in 50 percent of its allocated regions by the end of 2018. 

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Categories: General
Companies: Wind Hellas
Countries: Greece
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