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TMCNet:  'Omnitel reports 23% drop in H1 revenues'

[July 20, 2010]

'Omnitel reports 23% drop in H1 revenues'

(DMeurope Via Acquire Media NewsEdge) Lithuanian mobile operator Omnitel announced that its revenues declined to LTL 288.9 million in H1 from LTL 371.6 million a year earlier. Revenues fell 21 percent year-on-year in Q2, to LTL 150.6 million. The main reasons for the decrease were the reduction in international roaming tariffs and the general decline in the market since 2009. However, revenues were better than Q1, growing 9 percent from the first three months of the year. The EBITDA margin totaled 31.5 percent in Q2 and 33.7 percent in H1. Omnitel reported a subscriber base of 1.952 million at the end of H1, stable year-on-year.

((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2010 M2 COMMUNICATIONS

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