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Strong Growth of Vip mobile in 2012

28. February 2013

During 2012 Vip mobile grew its subscriber base by 13.2% up to over 1.8 million customers and had a market share of 17.6% at the end of December.

Revenues grew by 24% to RSD 18.1 billion, and EBITDA is 72% higher amounting to RSD 5.5 billion, compared to the same period in 2011. This growth is a direct result of acquiring more customers choosing Vip as their network and operator of choice, and Vip marks clear increase of postpaid segment, both residential and business. In addition, trend remains that more than half of over 114.000 customers transferring their number come to Vip network.

"Despite macroeconomic conditions and increasing competition in the market Vip is one of the fastest growing mobile operators in the region, and we will continue to offer innovative products and services and the best value for money to customers in Serbia. During 2012 we see a trend of rising demand for smartphones, tablets and laptops within our tariff plans, and internet usage is constantly increasing. By further investments in our operations, network technology and very competitive offers we will try to convince even more customers to join us in 2013.'', said Thanasis Katsiroumpas, director/CEO Vip mobile.

Vip remains the biggest greenfield investor in Serbia, having invested over EUR 748 million since 2007, including the license fee. During 2012 alone Vip invested RSD 6.5 billion, to a big extent into most up to date 2G and 3G network, new shops opening and customer care systems.

Additional:

Vip

In November 2006 Vip, member of Telekom Austria Group, was granted the license for GSM 900/1800 plus UMTS. Vip offers a full portfolio of mobile services for prepaid, postpaid and business users and was the first to introduce BlackBerry® from Vodafone to the market. Vip is the biggest Greenfield investment in Serbia to-date having invested over EUR 748 million.  At the end of 2012 Vip served over 1.8 million active subscribers and employed over 900 experts and managers. Vip is the exclusive strategic partner of Vodafone in Serbia. For more information: www.vipmobile.rs

Contact:

Dragana Roter, Head of Corporate Communications, Vip mobile d.o.o.
Phone: +381 (0) 11 225 3010 Fax: +381 (0) 11 225 3002 E-mail: d.roter@vipmobile.rs