Armentel Mobile

Armentel Mobile Revenues Decline 6% in Q4

Mobile operator Armentel, working under the Beeline Armenia brand, said revenues decreased by 6 percent year-on-year to AMD 6.2 billion in the fourth quarter of 2014 due to a decline in voice revenue. Mobile data revenue grew 15 percent to AMD 634 million. Fixed service revenue decreased by 13 percent due to a decline in voice revenue and a reduction in the customer base, partly offset by growth in transit traffic termination revenue. EBITDA declined by 54 percent, and the EBITDA margin dropped by 17.3 percentage points to 17.9 percent, mainly due to a negative one-off charge of USD 6 million related to a VAT provisioning. Excluding this one-off VAT charge, EBITDA would have declined by 7 percent.

Newsletter sign up