Armenian VivaCell-MTS earns 77.6 bln drams in 2014

YEREVAN, March 19. /ARKA/. Income of VivaCell-MTS, Armenian mobile communication operator, from main and related activities was 77.6 billion drams in 2014, the company’s press office reported. This amount accounts for 61.6% of the market, according to the report. The company’s OIBDA (operating income before depreciation and amortization) was 38 billion drams. In 2014 VivaCell-MTS achieved the subscriber device and accessories sales targets planned. Income in this sector alone exceeded 1 billion drams, an increase of 38.7% from 2013. VivaCell-MTS is owned by Russian Mobile TeleSystems (80 percent) and Lebanese Fatouche Group (20 percent). ($1 – 479.46 drams). –0--

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11:53 03/19/2015