VIVACOM with revenue and EBITDA growth for the first half of 2018


VIVACOM is the largest telecom in total revenue on the Bulgarian market with nearly BGN 453 million for the period January – June 2018;

VIVACOM reports Adjusted EBITDA growth of 5.8% compared to H1 2017;

VIVACOM reports growing mobile service revenue market share – 30%;

VIVACOM retains leading position in fixed broadband with 26% subscriber market share;

VIVACOM is the leading IPTV operator – with subscriber growth of 15.6% compared to H1 2017;

4G network with best population coverage – 99% of Bulgarian population[1], for which the Company received award from Global Wireless Solutions (GWS)[2].

VIVACOM retains its leading position on the Bulgarian telecom market reporting growth of 4.8% of total revenue for the first half of 2018 compared to the same period last year – nearly BGN 453 million. Despite the highly competitive business environment, the Company reports steady Adjusted EBITDA growth of 5.8% to BGN 170.5 million

The Company reach 30% market share in mobile service revenue, with total mobile subscribers of 3,053,000, 88% of which are on postpaid subscription plans under term contracts. The share of mobile broadband revenue from total mobile service revenue continues to grow. In Q2 2018, it stands at 43% compared to 35% for the same period in 2017. This positive trend is supported by extension of 4G network coverage to 99% of the population, measured by GWS.

Traditionally, VIVACOM is the leader in the provision of fixed services and retains this position in the fixed broadband segment with 492,000 subscribers, which represents growth of 9.0% compared to the same period last year. Over half of the subscribers use high-speed access via our fiber-optic network which already covers 1,150,000 households across the country.

VIVACOM is the leading provider of the most advanced television service – Interactive TV (IPTV) – with 15.6% subscriber growth compared to same period last year. At the end of H1 2018, 47.3% of total 456,000 pay-TV subscribers have chosen our IPTV platform.

Our capital expenditures for the first half of 2018 amounts to BGN 65 million. 66% of our total investments for the period are focused in development of technology infrastructure, which drives the GWS”s measured best 4G network population coverage in Bulgaria.

[1] Population’s coverage of 99% is according to VIVACOM measurement.

[2]  VIVACOM received the award for the best 4G network population coverage. The measurement was performed by Global Wireless Solutions (GWS) on their methodology in the period 05.02 – 08.03.2018.More information about the research could be found at www.vivacom.bg.

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