Center Telecom reports 9.89% rise in nine month revenues

1 Nov 2010

Russian regional operator Center Telecom has announced revenues of RUB29.42 million (USD956.9 million) for the nine months ended 30 September 2010. This figure represents an increase of 9.89% compared to the RUB26.77 billion generated in the same period of 2009. EBITDA for the period grew 4.53%, to RUB13.38 billion, whilst the operator’s net profit increased by 30.66% to RUB5.321 billion. Fixed line voice telephony accounted for the lion’s share of revenue, generating RUB14.17 billion, a rise of 11.28%. Broadband revenues grew 24.64% to RUB5.45 billion. The firm says that the increase in fixed line revenues is a result of subscribers switching to unlimited tariffs.

In operational terms, Center Telecom saw its broadband subscriber base increase 50.6% to 1.52 million, compared to 1.01 million one year earlier. No figures have been supplied for the company’s fixed line telephony operations. Vaagn Martirosyan, General Director of CenterTelecom, commented: ‘CenterTelecom’s thorough adherence to the company’s development and transformation strategy, its focus on promotion of high yield products and services and on the customers’ needs is a guarantee of the company’s growth and its high profitability’.

Russia, Center Telecom