Sat, Nov 21 2009

Mobile operator Globul reports 8.1% revenue drop in Q3

Thu, Nov 05 2009 13:13 CET byNick Iliev 1021 Views
Mobile operator Globul reports 8.1% revenue drop in Q3

Photo: Anton Popov

Bulgaria's second-largest mobile operator Globul posted an 8.1 per cent decline in revenue in the third quarter of 2009, compared to the same period of last year, according to the results published by parent company OTE on November 5.

The decline, which included a 13 per cent drop in service revenue, was mainly due to lower prepaid and roaming revenues, OTE said in its third-quarter financial reports.

Revenue for the first nine months of the year, however, remained 1.5 per cent higher than in 2008, at 336.9 million euro. Operating income before depreciation and amortisation was 0.3 per cent down to 139.7 million euro.

Globul had about 3.97 million customers at and-September, a 1.3 per cent decrease year-on-year. Despite increasing its postpaid customer base by 3.2 per cent over the 12 months ending in September, the number of prepaid customers was down 5.8 per cent and the average monthly revenue per user was down seven per cent to about nine euro.

Write comment

Name:Comment:

Generate new code
Send your comment
Globul, Germanos turn in 2182kg of phone parts for recycling

Globul Green as an initiative attempts to promote and initiate not only increased environmental awareness among the Bulgarian population, but also to reduce its own carbon footprint. The company has saved over 34 068kg of paper, or the equivalent of 800 trees saved

Mobile operator Mobiltel reports 11.9% drop in revenues Q3

The drop was "mainly due to lower subscription and traffic revenues as well as lower revenues for roaming and interconnection" following regulatory changes, parent company Telekom Austria said.

CSKA Sofia signs sponsorship deal with Globul

The football club have announced Globul as their new shirt sponsors for two seasons in a deal reportedly worth two million euro.

Globul appoints new chief commercial officer

Dimitris Blatsios has been appointed executive chief commercial officer at Globul, Bulgaria's second largest mobile operator, the company said in a statement on 16.

Globul reports 7.9% rise in revenue for Q1

Telecom reports profit in first quarter, does better than parent company

Globul with 12 per cent hike in 2008 revenue

The second-largest Bulgarian mobile operator estimated its market share at 31.8 per cent

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.