Q3 2003: Oskar’s market share reaches 15.8%
Oskar added 100,650 net subscribers in the third quarter to reach 1,438,142, an increase of 26.2% compared to the end of the third quarter of 2002. As of September 30, 2003, Oskar held 15.8% share of the national cellular market as compared to 14.1% at the same time last year.
Oskar added 100,650 net subscribers in the third quarter to reach 1,438,142, an increase of 26.2% compared to the end of the third quarter of 2002. As of September 30, 2003, Oskar held 15.8% share of the national cellular market as compared to 14.1% at the same time last year.
“Oskar’s focus on postpaid growth continued to be successful with postpaid subscribers representing 49% of net additions during the third quarter. This unique result has accorded thanks to targeted small and medium business offers and a long term interest in New Generation Tariffs, which were improved via the development of various Shopping Basket offers,” said Karla Stephens, Chief Operating Officer. As a result, the company’s prepaid/postpaid mix as of September 30, 2003 was 59/41 compared to 71/29 a year ago.
| Year | 2003 | ||
| Quarter | I | II | III |
| Customers | 1 270 600 | 1 337 500 | 1 438 142 |
| Revenue* | 2,250 | 2,601 | 2,846 |
| ARPU** | 590,7 | 641,5 | 656,4 |
* mil USD
** USD / month
Service revenues increased 58.1% to USD 99.4 million compared to USD 62.9 million for the third quarter of 2002 due to the increase in the number of subscribers and an increase in ARPU. ARPU for the third quarter reached USD 22.93 compared to USD 23.18 in the previous quarter and USD 18.20 for the same period last year.
Oskar recorded EBITDA of USD 26.0 million compared to EBITDA of USD 8.4 million for the same period last year. This improvement reflects the revenue impact of solid subscriber growth, the company’s focus on postpaid growth and the economies of scale realized during the quarter.
Cesky Mobil recorded positive operating income of USD 3.1 million for the third quarter 2003, compared to an operating loss of USD 10.9 million for the third quarter of 2002.
For the first nine months, service revenues increased 69.5% to USD 269.7 million compared to USD 159.1 million for the same period of 2002. EBITDA reached USD 71.7 million compared to EBITDA of USD 12.9 million for the first nine months last year, an improvement of USD 58.8 million.