BG: 3.9 million subscribers reports GLOBUL
Today the Bulgarian telecom operator GLOBUL announced its financial results for 2009. Despite the unstable environment, which has driven the decline in revenues, operating income before depreciation and amortization (OIBDA) and Operating Profit, GLOBUL managed to sustain its service revenues market share.
Total revenues marked a minimal decrease of 2.6% and service revenues dropped by 5.8% mainly due to contained usage from the corporate customers seeking to optimize expenses, residential sector where usage was influenced by lower purchasing power and lower interconnect rates imposed by the Bulgarian Regulation Authorities.
GLOBUL's OIBDA registered a 4.3% decline compared to 2008, while the OIBDA margin decerased by 0.7pp to 41.8%. GLOBUL however managed to reduce non revenue related costs by 5% compared to 2008 through consistent cost rationalization initiatives and focused on vendors' consolidation, network maintenance optimization and cash discounts.
GLOBUL's postpaid customer base increased by 1.5% on the year to a total of 2.1 million representing 55% of the operator's total customer base. GLOBUL's total customer base at the end of 2009 was 3.9 million.
GLOBUL's blended AMOU for 2009 reached 119 minutes, up by 6.3% compared to 2008, while GLOBUL's blended ARPU decreased by 8% in comparison to last year, at BGN 17.60, positively affected by the shift of customer base towards postpaid.
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