Vodafone Ukraine in the 3rd quarter of 2018 improved financial performance and launched a number of innovative services
Vodafone has improved its financial performance during the third quarter of 2018. The company's revenue in the 3rd quarter of 2018 has increased, compared to the same period last year, by 12.6% and amounted to 3.3 billion UAH. The company's net profit in the 3rd quarter of 2018 amounted to 393 million, a reduction compared to the previous period is attributable to increased depreciation expense as a result of active deployment of 3G and 4G networks.
Vodafone has achieved considerable growth of operating performance: OIBDA increased by 49,4% year on year and amounted to 1.8 billion UAH. OIBDA margin amounted to 54.9%, an increase of 13.5 p. p. compared to the same period last year.
the Company improved the results due to the growth in the number of data users and two-fold increase in consumption of data services, due to the active expansion of 3G coverage and 4G. Growing data usage among business customers, the share of heavy users – consumers who use more than 6 GB per month, increased by 62%.
the Number of 4G users for the quarter grew by 75.3 per cent. To date, the 4G network Vodafone Ukraine have used about 3 million customers. Vodafone's subscriber base remains stable. A slight decrease in the number of clients to 19.9 million due to the unavailability of communication services in some areas of the country.
Vodafone 4G network is available in all areas of the country, at the end of the third quarter the fourth generation network is available to 40% of the population.
Vodafone has invested in the 3rd quarter of 2018, a record on the market the amount of network infrastructure development – more than 1 billion UAH. Since the beginning of the construction of networks of high-speed mobile Internet the total investment amounted to 20 billion UAH. Record market investments will ensure the technological leadership of Vodafone and assure the clients of the company, not only the smooth operation of mobile telecommunications and data-services, but also a platform to launch new technology services based on 4G technologies and solutions based on IoT technologies and solutions for SmartCity, big data Analytics, the use of cloud services, innovative services based on Mobile ID, as well as FINTECH services.
So, in August of this year, Vodafone was the first in Ukraine launched the service of digital signature technology Mobile ID. In the third quarter of Vodafone Ukraine and Kharkiv city Council has launched a nationwide project Vodafone Smart City, which provides for the introduction of "smart" technology from Vodafone, developed in the global R&D centers of the operator, are successfully used in European cities in the system of municipal management and social sphere of public life. These decisions will be implemented on the basis of European IoT platform Vodafone London, Amsterdam, Munich and Lisbon.