Armenian fixed and mobile operator reported strong subscriber gains in both mobile and fixed broadband users, helping drive full year operating revenues up to USD190 million from USD184 million in FY2010. EBITDA reached USD73 million in the period under review, down from USD78 million in 2010, although the EBITDA margin improved to 40.7% in 4Q11, compared to 36.4% in 4Q10. The telco closed out last year with a total of 765,000 mobile customers, up from 672,000 a year earlier, helping to generate net operating revenue of USD82 million, compared to USD74 million previously. Fourth-quarter blended monthly ARPU of USD7.6 however, was lower than the USD10 reported in 4Q10, although ArmenTel reports solid take-up of higher spending mobile broadband subscribers, which stood at 24,000 by the year end, from 7,000 at end-2010.
The operator, which offers services under the Beeline banner, had 134000 fixed broadband customers as at 31 December 2011, up from 115,000 in the third quarter and 68,000 at end-2010. Fixed line (net) revenue reached USD108 million last year – marginally down (by USD2 million) year-on-year – although within this, broadband revenue increased to USD19.2 million, from USD9.8 million in full-year 2010. Monthly fixed broadband ARPU was USD14.8 in 4Q11, down from USD17.1 a year earlier.