Ukraine - Kyivstar revenues down 2.3% to UAH 2.8 bln in Q2.(Financial report)

(From Telecompaper Europe)

Ukrainian operator Kyivstar saw its net operating revenues fall by 2.3 percent year-on-year to UAH 2.767 billion in Q2, caused by the ARPU decrease and the cut in interconnect rates. In comparison with the previous quarter, revenue increased by 7.5 percent due to the stabilised subscriber base and higher ARPU reflecting seasonal effects and the growing demand for data services. OIBDA fell by 3.4 percent year-on-year to UAH 1.575 billion, with an OIBDA margin of 56.9 percent versus 57.5 percent in the year-ago period. Operating income increased by 14.8 percent to UAH 622 million, and net income was …