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Ukrtelecom Discloses 3Q07 Results, Prepares to Launch Mobile Operator

Ukrtelecom Discloses 3Q07 Results, Prepares to Launch Mobile Operator

26 October 2008

Ukrtelecom (UTEL: HOLD) increased its sales 2% yoy, EBITDA by 24% yoy and net income by 49% yoy in 9M07.

————-  ——————–  ——————-
Sales,USD mln     EBITDA,USD mln     Net Income, USD mln
  9M07    yoy    9M07    yoy margin   9M07    yoy margin
————-  ——————–  ——————-
1004.4     2%   322.01  61.83  32.1%  53.64  17.54   5.3%
————-  ——————–  ——————-

Source: State Statistics Committee

The company also introduced fixed-to-mobile (FTM) tariffs for its new mobile operator, which is planned to be launched on November 1, 2007. As we expected, this tariff is two times lower than its FTM tariff to other Ukrainian mobile networks.

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