By the beginning of February 2005, Turkcell's 55% indirect subsidiary Astelit had launched its GSM operations in Ukraine under the "life:)" brand name. Of the company's shares, 45% belong to the System Capital Management Group. Astelit covers 96% of Ukraine's population and 88% of the country's territory.
|Summary Data for Astelit||2009||2010||y/y % chg|
|Number of subscribers (million)|
|Active (3 months)1||7.8||6.1||(21.8%)|
|Average Revenue per User (ARPU) in US$|
|Active (3 months)||3.7||3.9||5.4%|
|Revenue (UAH million)||2,740||2,691||(1.8%)|
|Revenue (US$ million)||351.1||339.,3||(3.4%)|
|EBITDA2 (US$ million)||20.2||64.5||219.3%|
|Net Loss (US$ million)||(111.8)||(101.0)||(9.7%)|
|Capex (US$ million)||216.0||66.5||(69.2%)|
1 Active subscribers are those who in the past three months made a transaction which brought
revenue to the Company.
In 2010, Astelit's EB ITDA tripled compared to 2009 within the context of the turnaround strategy and effective cost control initiatives. Its EB ITDA margin increased to 19.0% in 2010 from 5.7% a year before. The main drivers of this increase were the tariff redesigns resulting in a decrease in interconnection costs, together with cost cutting measures.
In 2010, Astelit's number of registered and three-month active subscribers stood at 9.1 million and 6.1 millon, respectively.
The 3-month active ARPU rose by 5.4% in 2010, mainly due to a decline in the number of active subscribers, along with the change in active subscriber definition. MoU increased by 8.3% in 2010 yearon- year.