A1 Bulgaria’s EBITDA up 13.4% YoY in 2021, revenue up 11.7%

SOFIA (Bulgaria), February 9 (SeeNews) – A1 Telekom Austria Group announced that its Bulgarian unit reported earnings before interest and taxes, depreciation and amortization (EBITDA) of EUR 218.3 million (EUR 249.3 million) in 2021 million dollars), representing an increase of 13.4% over the prior year basis of comparison.

A1 Bulgaria‘s revenue increased by 11.7% to EUR 574.1 million last year, while service revenue increased by 10.3% to EUR 443.9 million, A1 Telekom Austria Group said in its 2021 financial statements published on Tuesday With.

Mobile service revenue increased last year by 8.4% to EUR 293.7 million, while fixed line service revenue increased by 14.4% to EUR 150.2 million.

“In Bulgaria, market dynamics remained largely unchanged and positive trends continued in the fourth quarter of 2021. Solid demand for premium tariffs continued to shape the mobile business, while fixed-line business saw strong demand for TV packages with higher broadband speeds -after,” the group said.

A1 Bulgaria’s capital expenditure increased by 80% year-on-year to EUR 102.9 million in 2021.

Total costs and expenses have increased, mainly due to increased electricity costs, increased taxes and costs for the use of rights as well as higher content and license costs, the A1 Telekom Austria Group announced.

A1 Bulgaria’s mobile subscriber base decreased by 0.2% year-on-year to over 3.7 million at the end of 2021.

Last year, the Bulgarian communications regulator awarded 20-year 5G spectrum licenses with national coverage to the country’s top three telecom companies in a tender worth 13.4 million levs (US$8.0 million/€6.8 million). ) brought in. A1 Bulgaria received a license to use spectrum in the 3600-3700 MHz spectrum, for which it proposed to pay a one-time fee of 4.7 million levs, the Communications Regulation Commission (CRC) announced at the time.

A1 Bulgaria competes with Bulgarian Telecommunications Company (BTC), which operates under the Vivacom brand and is part of Netherlands-based United Group, and Telenor Bulgaria, which is owned by Dutch-registered investment group PPF.

($ = 0.8757 euros)

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