Asiacell Revenues Up 17% year-on-year

Asiacell has stated that its revenues increased 17% year-on-year to US$377.29 million in Q1, according to a report from Wireless Federation.

EBITDA rose 14% to US$213.63 million, with EBITDA margin falling 1% to 57%. Revenue and EBITDA growth was driven by increased customer base and increased usage.

At the end of Q1, Asiacell had 8.306 million customers compared to 7.741 million in the year-earlier quarter. By the number of customers, its market share fell 4 percent year-on-year to 35 percent.

Blended ARPU (average revenue per customer) fell to US$15.13 from US$15.37 in the previous quarter and rose compared to US$14.03 a year-ago. The operator continues its network expansion driven by market growth.

(Source: Wireless Federation)

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