December 27, 2014 12:20 PM ET

Wireless Telecommunication Services

Company Overview of Mobitel (Pvt), Ltd.

Company Overview

Mobitel (Pvt), Ltd. provides mobile services. The company offers GSM and 3G services; prepaid and postpaid connections; and IDD calls, roaming, international SMS and MMS, and broadband services. It also offers NFC business services in its suite of business solutions, such as the NFC fuel card management system, an attendance management system, an identification and access control system, a visitor management system, and a parking management system; and mCash service that allows users to maintain a mobile money account, enabling users to deposit, withdraw, and transfer funds, as well as purchase goods and services, and pay their utility bills. The company was incorporated in 1993 and is based...

108, W.A.D Ramanayake Mawatha

Colombo,  02

Sri Lanka

Founded in 1993

Phone:

94 11 233 0550

Fax:

94 11 233 0396

Key Executives for Mobitel (Pvt), Ltd.

Chief Executive Officer
Senior General Manager of Corporate Planning & Marketing
Compensation as of Fiscal Year 2014.

Mobitel (Pvt), Ltd. Key Developments

Mobitel Launches Inflight Roaming Services

Mobitel launched voice, SMS and data connectivity onboard 15 airlines. The inflight roaming services will be available for Mobitel customers travelling with Sri Lankan Airlines, Emirates, British Airways, Qatar Airways, Etihad Airways, Singapore Airlines, Philippine Airlines, Saudi Airlines, Oman Air, and Royal Jordanian. Mobitel's in-flight data roaming plans allow postpaid customers to access inflight internet services for a starting price LKR 65 per MB.

Mobitel Pvt Ltd Reports Earnings Results for the Nine Months Ended September 2014

Mobitel Pvt Ltd. reported earnings results for the nine months ended September 2014. Revenue for the first nine months of 2014 increased to LKR 22.7 billion, up by 11% compared to corresponding period in 2013. This growth was mainly driven by the increase in Mobitel Subscribers both in voice as well as in data reporting a 7% increase in the overall subscriber base. Backed by the robust growth in revenue, Mobitel was able to record a growth in all key profitability indicators. When comparing the first nine months performance it is observed that company EBITDA and EBIT has grown by 9% and 8% respectively year on year. The company's profit after tax for the first nine months of 2014 was recorded at LKR 2.6 billion compared to a profit after tax of LKR 1.6 billion in first nine months of 2013. Thus growth in Profit after tax during the period is appreciable compared to same period in last year. This is attributable to the growth in EBITDA and EBIT as well as favourable macro conditions that prevailed during the period.

Mobitel (Pvt), Ltd. Announces Earnings Results for Second Quarter and First Half of 2014

Mobitel (Pvt) Ltd. announced earnings results for second quarter and first half of 2014. For the second quarter, revenue grew by 3% over first quarter of 2014 indicating a steady growth quarter over quarter. Revenue growth can be attributed to a continued growth in subscriber base as well as in the data business. Reflecting the growth in revenue, operating profitability of the company improved compared to first half of 2013 while quarterly growth is also encouraging. EBITDA and EBIT for the second quarter of 2014 was 9% and 22% respectively compared to first quarter of 2014. For the six months period, the company revenue was recorded at LKR 14.7 billion, up by 10% compared to the corresponding period in 2013. EBITDA and EBIT for the first half of 2014 grew by 10% and 7% respectively over the corresponding period of 2013.

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