Wind Hellas revenues down 27.5% to EUR 202.3 mln in Q2

News General Greece 24 AUG 2010
Wind Hellas revenues down 27.5% to EUR 202.3 mln in Q2
Greek operator Wind Hellas saw its revenues drop 27.5 percent year-on-year to EUR 202.3 million in Q2, hurt by the government's austerity measures and an intense competitive environment. At the same time, EBITDA fell 52.4 percent to EUR 39.1 million, significantly affected by higher bad debt provisions despite significant cost savings. Mobile revenues fell to EUR 163.3 million from EUR 229.5 million in the year-earlier period. Mobile outgoing revenues deteriorated further in Q2 as a result of worsening macroeconomic conditions, contract customers migrating to prepaid, and a VAT hike. Mobile incoming revenues were affected by the new mobile termination rate cut applied in January and the lower incoming usage. Wind Hellas saw its mobile subscriber base shrink by 403,000 sequentially to 4.192 million in Q2. Its contract customer base lost 13,000 subscribers reaching a total of 1.055 million, mainly due to lost market share as a result of the competitive weakness due to the ongoing debt restructuring process. At the same time, the prepaid customer base declined by 391,000 to 3.137 million, significantly affected by the ongoing registration process in line with the market trend. Mobile ARPU increased to EUR 12.5 from EUR 11.7 in the previous quarter. Mobile ARPU declined versus EUR 14.8 in Q2 2009 due to a decrease in traffic and continued price pressure. Fixed division Tellas' revenues fell 14.2 percent year-on-year to EUR 31.6 million, mainly due to lower indirect voice and wholesale revenues growth. Tellas' client base increased to 552,000 from 545,000 subscribers in the previous quarter. Of the total, 305,000 were indirect customers and 248,000 were direct (LLU) customers. The indirect customer base was down 13,000 sequentially due to the continued write-off of inactive CS customers, while the LLU customer base grew by 21,000 net additions in Q2. ARPU continued to increase in Q2, reaching EUR 18.7 versus EUR 15.2 in the previous quarter and EUR 14.9 in the year-ago period, due to both the higher proportion of direct customers in the total base and the termination of inactive indirect customers.

Categories:

General

Companies:

Tellas,  Wind Hellas

Countries:

Greece

Tags:

Voice services, Data services, Financial figures, Internet Access

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