Wireless operator Mobilkom Macedonia (VIP Mobile), a unit of Telekom Austria-controlled mobilkom Austria, turned in positive earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR6.3 million (USD8.3 million) in FY2011, from negative EBITDA of EUR5.2 million a year earlier. According to Telekom Austria Group’s 2011 financial report, VIP Mobile turned to positive EBITDA of EUR5.2 million from a negative EUR2.2 million figure in the fourth quarter alone, on revenues which increased 38% y-o-y to EUR14.1 million from EUR10.2 million previously.
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OVETEL Mobilkom Macedonia turns EBITDA positive in FY11
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