UMC And Kyivstar Announce 1Q06 Results.
16 June 2008
Kyivstar increased its revenue by 81% yoy, while UMC increased sales by 33%. Now Kyivstar is the leader not only in terms of subscriber base, but also in terms of revenue.
Financial Summary
Source: company data, Concorde Capital calculations
Operating Summary
Source: company data
Concorde Capital: Kyivstar also beat UMC profitability growth. The company was able to grab the top spot despite stable ARPU, increasing MOU and growing competition in the sector, thanks to its marketing policy, efficient investments in cost reduction and promotion of new types of services Note that the conflict between Kyivstar’s main shareholders, which has been going on for more than a year, did not affect the company’s performance.
