Svyazinvest sees 6.5% rise in full-year profit

4 Feb 2009

Russia’s state telecoms holding company Svyazinvest has reported a 6.5% increase in net profit for full-year 2008 under Russian Accounting Standards (RAS) to RUB27 billion (USD747 million). Sales climbed 3.6% to RUB253 billion, while EBITDA rose 12% to RUB82 billion. The Svyazinvest group incorporates seven mega-regional fixed line operators which control around 32.5 million lines and 3.3 million broadband internet accounts between them; its cellular operations claimed a total of twelve million customers at end-2008.

Russia, Svyazinvest