M-tel posts 5.2 million subscribers in H1′08 (Bulgaria)Mobitel, Bulgaria, which operates under the M-tel brand, reported that it’s subscriber base grew by 13.2% to 5.2 million subscribers in H1. M-tel’s market share was 50.5% in Q2′08 and mobile penetration rose to 133.8% compared to 117.4 per cent 12 months earlier. The ARPU was at 9.9 euro in Q2′08, compared to 10.3 euro in Q2′07.
Revenue grew by 4.2 per cent to 165.6 million euro due to higher monthly rental and traffic revenues, which compensated for lower visitor roaming revenues. Higher revenues from data also contributed to an increase in traffic revenues. EBITDA grew by 4.7% to 95.8 million euro during the April-June period.
M-tel’s operating income fell by 5.3% to 51.7 million euro in Q2, due to higher depreciation and amortization charges.
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