Beeline recovery gathers momentum
May 2, 2019 09.43 Europe/London By Chris Dziadul
Russia’s Beeline continues to benefit from the Fixed Mobile Convergence (FMC) proposition of its parent company Veon.
Latest results published by Veon show that its FMC customer base grew by 19.7% year-on-year in Q1 to over 1.1 million. This was equivalent to 46% customer penetration of the company’s broadband base.
Veon had revenues of R69,247 million (€953.5 million) in Q1, or 4.4% more than a year earlier.
Mobile services accounted for the lion’s share of the total (R54,933 million, +1.2%), with fixed line claiming the remainder (R8,502 million, -4.1%).
EBITDA stood at R30,934 million, up 22.7% on a year earlier.
Veon had 2.4 million (+7.2%) fixed broadband customers in Russia in Q1, with broadband ARPU amounting to R369 (-3%).