Market grows 22% in 1H-06

26 Sep 2006

Russia’s IT and Telecoms Ministry says telecoms market revenues were up 22.5% year-on-year in the first six months of 2006 to RUB374.8 billion (USD14 billion). Sales of mobile services were up 33.7% to RUB169.7 billion, while urban fixed line revenues rose 16.2% to RUB53 .4 billion. Residential customers brought in almost 55% of the total.