Ukrainian incumbent telco Ukrtelecom has reported that its total revenues remained flat at UAH6.4 billion (USD258 million) in full-year 2019, although underlying revenues from internet/data services continued to grow, increasing by 6.2% to almost UAH2 billion in the year, driven by the operator’s ongoing high speed broadband access network expansion. Annual fixed line telephony revenue fell 9.1% to UAH2.5 billion, reflecting global trends, while ‘total revenue from telecommunications services’ was stated as UAH5.3 billion. In other revenue items, commercial lease of property increased by 34% to UAH291 million. Group EBITDA increased by almost 10% to UAH1.8 billion in FY19, giving an EBITDA margin of 28%, and annual capital investments increased by 14.6% to UAH692 million.
Ukrtelecom expanded fibre broadband access services to 280 settlements/municipalities in FY19, with 160 of these locations previously lacking any Ukrtelecom internet service, involving deployment of nearly 4,000km of fibre-optics. At the end of 2019, Ukrtelecom’s total fixed internet network footprint network covered 2,420 cities, towns and villages. Additionally, Ukrtelecom noted that there are 550 medical and educational institutions, more than 150 ‘united territorial communities’ and around 400 ‘business objects’ connected to its optical network.