A1 Bulgaria's Q1 EBITDA Rises 17.7% on Higher Revenue

A1 Bulgaria's Q1 EBITDA Rises 17.7% on Higher Revenue

Telecommunications company A1 Bulgaria increased its earnings before interest, taxes, depreciation and amortisation (EBITDA) by 17.7% year-year to 42.8 million euro ($47.8 million) in the first quarter, its parent company A1 Telekom Austria Group said.A1 Bulgaria's revenue rose 3.9% to 111.1 million euro, A1 Telekom Austria said in a quarterly financial statement earlier this week.The rise was mainly due to higher service revenues, which increased to 89.5 million euro from 84 million euro in the first quarter of last year.Capital expenditure decreased by 8.5% to 10.1 million euro. The number of A1 Bulgaria's wireless subscribers decreased by an annual 3.1% to 3.8 million in the first quarter, while the average revenue per user (ARPU) increased by 7.0%.A1 Bulgaria competes with the Bulgarian Telecommunications Company (BTC), which operates under the brand name Vivacom, Telenor Bulgaria - a unit of Czech Republic-based investment group PPF, and local company Max Telecom.

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