Vivacom reports 34% profit growth

VIVACOM’s profit for the first nine months of 2012 increased by 34%, compared to the same period of last year. The telecom reported a net result of BGN 32.9 mln, showed the company’s financial statement for Q3 2012, quoted by Money.bg. The operator registered strong interest towards its mobile services, revenues from which are increasing, having risen by 12.4% in the first nine months of 2012 to BGN 296.2 mln. Within a year, the number of clients of VIVACOM’s mobile services rose by more than 400,000. The main reasons for this is the increased interest in mobile Internet services, the number of whose clients rose by 113% on an annual basis, as well as the growth in the phone numbers transferred to VIVAVOM’s network and the strong increase in the business segment.

In Q3 2012, VIVACOM’s 3G network increased by 50% the maximum speed for downloading data and already offers speed of 21 Mbps to 78% of Bulgaria’s population. Currently, the telecom’s 3G coverage is of 98.71% of the country’s population and 92.08% of the territory. Proceeds from mobile services for the January-September period compensate for the 9.3% decline in fixed telecom services and VIVACOM’s total revenues reached BGN 650.4 mln. The strong interest towards the company’s package services and the launching of its new IPTV platform resulted in steady growth of the number of subscribers to TV packages, registering an increase of 73% on an annual basis.

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