OSKAR’S SERVICE REVENUES ALMOST DOUBLED
Oskar added 68,300 net subscribers to reach 1,139,600 customers at the end of 3rd quarter Service revenues increased by 93% to $159.1 million compared to the first nine months of 2001 . Oskar added 68.300 net subscribers for the third quarter, to reach 1.139.
- Oskar added 68,300 net subscribers to reach 1,139,600 customers at the end of 3rd quarter
- Service revenues increased by 93% to $159.1 million compared to the first nine months of 2001 .
Oskar added 68.300 net subscribers for the third quarter, to reach 1.139.600 subscribers, an increase of 68% compared to 680.300 subscribers at the end of the third quarter of 2001. Oskar estimates it held over 14% share of the national cellular market as of September 30, 2002. During the past 12 months, management estimates cellular penetration in the Czech Republic increased to 78% from 58% at the end of the third quarter of 2001.
Service revenues increased 82% to $62.9 million compared to $34.5 million for the third quarter of 2001. Oskar recorded EBITDA of $8.4 million, its third consecutive quarter of positive EBITDA, compared to negative EBITDA of $5.8 million for the same period last year. This improvement reflects the revenue impact of rapid subscriber growth and economies of scale. Operating loss improved to $10.9 million compared to $17.0 million for the third quarter of 2001.
“We are pleased with our performance in the first nine months of 2002. Our strong growth in EBITDA and operating income reflects our focus on achieving profitable growth and effective cost management” said Karla Stephens, Oskar’s Chief Operating Officer.
For the first nine months, service revenues increased by 93% to reach $159.1 million compared to $82.6 million for the same period in 2001. EBITDA reached $12.9 million compared to negative EBITDA of $36.0 million for the first nine months of last year, an improvement of $48.9 million.
In the third quarter Oskar introduced variety of value added and content services. Oskar successfully launched M-Bank services with three banks and opened the OskarZone platform for developers of mobile applications who can offer their services to Oskar customers in exchange for attractive share in revenues. Over 300 developers has applied their projects to OskarZone, which already brought up-to-date 14 new WAP applications to Oskar customers. Oskar is a first operator in Central and Eastern Europe to come with the concept of OskarZone.
“The renumbering of the Czech Republic’s phone network contributed to September being the most successful month in Oskar’s history in terms of new business client activations, “ said Karla Stephens. “The number of calls received by OskarBusinessKontakt 800 77 77 00, „Oskar’s business sales line, was 2.6 times higher in September than during average months,” added Stephens. Every day, Oskar signed dozens of new contracts with business clients of all sizes who decided to switch to Oskar from their former provider.
In response to the extensive damage caused in August by the floods in the Czech Republic Oskar initiated Oskavalir project. “The Oskavalir project has provided a total of CZK 4.570 million in financial aid for the reconstruction and renovation of elementary and secondary schools in flood-affected regions. Financial assistance was distributed among 10 schools in four regions. As a result, CZK 1.142 million was earmarked for each region,” said Karla Stephens.
Cesky Mobil became the first dual-band (GSM 900/1800) network operator in the Czech Republic after being granted its license in October 1999. It launched commercial operation of its leading edge GSM network on March 1, 2000 under the brand name Oskar. By September 2002 Oskar acquired over 1,139,000 subscribers becoming one of the fastest growing third license operators in Europe! At present, Oskar is the only operator in the Czech Republic to constantly increase its market share.
Through the ClearWave holding, Český Mobil a.s. is a member of the telecommunications group of Canadian-based Telesystem International Wireless (TIW).