Press releases (Year 2006)
Revenue and EBITDA of “BITĖ Lietuva” grew fast during Q3
October 31, 2006
Revenue of telecommunications company “Bitė Lietuva“ during the third quarter of this year reached LTL 156 million, increasing by 6.1 percent compared to the same period last year. EBITDA during July-September was LTL 47 million - it is 42.9 percent increase in comparison to the same period of 2005.During the three quarters of 2006, revenue of “Bitė Lietuva“ reached LTL 432.5 million, increasing by 11.7 percent compared to the same period of 2005. EBITDA during January-September of 2006 reached LTL 106.2 million, which is 37.4 percent increase compared to the same period last year. Company‘s investments during the three quarters of this year reached LTL 73.1 million.
“While Lithuanian telecommunications market is in the stabilization phase, the results of “Bitė“ indicate further increase, which is based on innovations and introduction of relevant services that expand possibilities of our customers. By ensuring the fastest mobile internet up to 3.6 Mbps for our clients in 11 Lithuanian cities, we will continuously focus on the novelties, advancing life and working quality of our clients,” - Maarten van Engeland, CEO of “Bitė Lietuva”, says.
During the third quarter, the number of customers in “Bitė Lietuva“ network was 1,8 million and, compared to the same period last year, increased by 27 percent. From this number, 96.500 customers were using the services of other service providers on “Bitė Lietuva” network.
According to M. van Engeland, “Bitė” will keep its focus on development of especially fast mobile internet services. This June “Bitė” was the first in Lithuania and one of the first in Europe to introduce the fastest mobile internet based on HSDPA with the speed of up to 3,6 Mbps. “Bitė“ actively invested into the development of HSDPA network and already in October “Bitė” HSDPA coverage was expanded to 11 Lithuanian cities. “Bitė” has the widest HSDPA coverage in the market.
According to M. van Engeland, in order to be the best customer serving company in the Baltics, “Bitė” implemented large scale upgrade of customer data and billing systems during the third quarter. The upgrade will allow introduction of new and better customer oriented services, as well as serving customers faster, also expanding electronic self-care possibilities. One of the novelties are the bills of new format which became clearer for the customers.
“Bitė” also introduced other relevant services for the market. Among them – possibility of mobile phone access of the largest newspaper of personal and business advertisements “Alio reklama”, catalog of more than 300 country tourism locations. Service “locator.lt” was updated and expanded.
On the 15th of September 2006, by launching services for business customers, “Bitė” celebrated one year anniversary of operations in Latvia. “Bite Latvija” now offers services for all customer segments. Revenue of “Bite Latvija“, belonging to BITĖ group, was EUR 1.81 million (LTL 6.25 million) during the third quarter of this year. Compared to the previous quarter, revenue of “Bitė Latvija” increased by 50 percent. Number of clients exceeded 174.000. Accumulated investments from the start of the operations exceeded EUR 25 million (LTL 87 million).
According to the data of the Regulator, “Bitė Lietuva” continues to lead in the number portability service area. At the end of the second quarter of 2006, 49.600 customers of other operators ported their numbers to “Bitė”. It is 55.5 percent of all Lithuanian mobile customers who used this service.
