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VIP Operator

VIP Operator © photocase.com/SanneK1

© photocase.com/SanneK1

10. February 2012

VIP second biggest mobile operator in Macedonia

VIP operator, a daughter company of Mobilkom Austria, increased its market share to 24,6 % and is now the second biggest mobile operator in Macedonia
According to data of the Macedonian Agency for electronic communication at the end of September 2011, the youngest mobile operator on the Macedonian market had more than 548.500 customers with a market share of 24.6%. The market share of T-Mobile is at 53,32 %, One has a market share of 22.38 %.
As of September 2011, Vip has a population coverage of more than 99% with its own network.
In the Republic of Macedonia, Vip operator at the end of the third quarter 2011, increased its mobile customer base to more than 548,500 subscribers which presents increase of over 41% compared with the same period last year. Consequently, its market share improved from 19.0% in Q3 2010 to 24.6% in Q3 2011, in terms of mobile penetration rate of almost 109%.

In the first nine months of 2011 revenues grew to EUR 39.4 million which speaks for continuous and strong growth of around 54%, compared with the same period last year. EBITDA comparable also showed an excellent positive trend, increasing to EUR 1.1 million in the first nine months of 2011 compared to negative amount of EUR 3.0 million in the same period last year.

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