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Q3 Results: Despite the Decrease in Number of Mobile Internet Subscribers, the “Kyivstar” Grows Revenue

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The national telecom operator reported on the financial and operating data in the third quarter 2016.

The number of mobile Internet users of “Kyivstar” decreased by 9% in the third quarter of this year, against the same period last year, i.e. from 11.7 million to 10.6 million people.

However, it did not prevent from the operator’s reaching a total revenue growth by 9% up to UAH 3.922 in the third quarter. As a result, the proceeds from mobile data transmission services increased by 61% over the same period.

In July-September 2016, the “Kyivstar” managed increasing the EBITDA indicator by 18% (UAH 2.2 billion), against the same period last year. The EBITDA margin increased by 4.3 percentage points, up to 55.3%. The capital costs amounted to UAH 860 million in the third quarter of this year.

In July-September 2016, the operator went on expanding its 3G network coverage. At the moment, it covers the territory with 52% of Ukrainian residents. For reference: as of the late 2015, the coverage was 35%.

The “Kyivstar” Company keeps on investing in the development of new technologies in Ukraine. During the first 9 months of the current year, the operator’s cumulative investment totaled over UAH 1.8 billion.

The receipts from fixed-line services went up by 10%, against the same quarter of 2015 and amounted to UAH 261 million, mainly due to the “Home Internet” service. The proceeds from this service grew by 13%, against the same period last year.

Let us recall that earlier the mobile operator lifecell presented its own results in the third quarter of this year.

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