Vivacell-Mts General Manager: The Company Has Exceeded Its Targets F


Wednesday, December 26, 13:33

VivaCell-MTS has exceeded its targets for 2012, the company’s general
manager Ralph Yirikian said in an interview with ArmInfo.

He said that the company’s financial results in Q2 and Q3 are a good
basis for successful performance in 2013.

Yirikian said that the key event for VivaCell-MTS in 2012 was the
launch of a MobiDram payment system and the opening of a subsidiary.

He believes that the subsidiary will become a good financial wing
for VivaCell-MTS and that next year the company will become highly
competitive on the financial market.

Among the other important projects was the upgrading of VivaCell-MTS’s
mobile networks in six regions of Armenia (Aragatsotn, hirak, Lori,
Tavush, Kotayk and Gegharkunik). As a result of this project, to be
finished by mid 2013, the company will have one of the most powerful
and modern networks in the country.

Yirikian said that the use of new technologies will help VivaCell-MTS
to improve the capacity of its network and to be ready for innovations
and changes on the market with high traffic, coverage and penetration

Ralph Yirikian also pointed out that VivaCell-MTS is going to extent
the application of LTE (4G) technologies in its mobile network. At
present these technologies are only available in Kentron (Center)
and Arabkir administrative districts of Yerevan.

To note, in Q2 2012 the mobile communication subscriber base of the
company numbered 1.957 mln people (3.1% decline as compared with Q2
2011), and the number of broadband internet users totaled 70.7 thsd
(56.1% y-o-y growth).

According to the Analytical Bulletin “Financial Analysis of Largest
Manufacturing Companies of Armenia” by the Agency of Rating Marketing
Information (ArmInfo), in 2011 the assets of VivaCell-MTS totaled 107.7
bln AMD (approximately $266.7 mln); proceeds – 75.2 bln AMD (3.2% y-o-y
decline), and net profit – 12.8 bln AMD (almost 0.8% y-o-y defcline).

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