OREANDA-NEWS. Tele2 Russia, alternative mobile operator, has reported consolidated 1Q13 financial and operating results.

In 1Q13 the company exhibited a solid growth of key financials:

 • Operating revenue increased 13% compared to 1Q12 and totaled 15.4 bn rubles;

 • All-Russia EBITDA totaled 5.6 bn rubles, having performed an 18% growth compared to the same period last year. EBITDA margin grew 150 bps and totaled 36.4% ;

 • In 1Q13 total investment in IT and technology equaled 1.5 bn rubles.

Indicator (bn rub) 1Q12 1Q13  Change
Operating revenue  13.6 15.4 13%
EBITDA  4.7 5.6  18%
EBITDA margin  34.9% 36.4% 150 bps
CAPEX  1.1  1.5 38%
Free cash flow 2.8 2.3  -18%

In 1Q13 the company improved key operating results:

• Subscriber base increased 9% compared to 1Q12, as the total number of Russian subscribers equaled 22.9 mn people;

• Ruble-denominated ARPU went up 3% compared to the same period last year and totaled 225 rubles;

• MoU amounted to 260 in Russia, which is 5% up compared to 1Q12.

Indicator 1Q12 1Q13 Change
Subscriber base, mn 20.9  22.9  9%
ARPU (rubles) 218 225  3%
MoU (minutes)  246  260  5%

Jere Calmes, Tele2 Russia CEO:

“In 1Q13 the company exhibited an outstanding growth of key financial and operating results and we are focused on keeping up the pace. In March VTB acquired 100% of Tele2 Russia’s equity. Tele2 Russia will continue providing high-quality services at low-cost prices. We will pursue our current strategy to remain the most efficient player in the industry. Together with VTB, Tele2 Russia is working on a new concept of the company’s development.”