Subscriber growth boosts sales at Sibirtelecom

1 Oct 2008

The Russian wireline and wireless operator Sibirtelecom has reported a first-half net profit of RUB2 billion (USD79.4 million), up 4.8% year-on-year. Revenues rose 8.5% to RUB18.46 billion, with the growth driven by new customers of wireless and broadband services. EBITDA increased 12.4% to RUB7 billion. With operations across Siberia, Sibirtelecom is part of the state telecoms holding company Svyazinvest.

Russia, Sibirtelecom, Svyazinvest