ER-Telecom's annual revenues climb 13%

9 Apr 2020

Russia’s second largest broadband internet provider by subscribers, ER-Telecom, has reported that its consolidated revenue increased by 13% in full-year 2019 to RUB44.873 billion (USD595 million), while operating income before depreciation and amortisation (OIBDA) jumped by 33% to RUB17.078 billion, giving an annual OIBDA margin of 38%. ER-Telecom, which uses the trademark, said that the largest driver of sales growth was the B2B segment, where annual revenue increased by 20% to RUB16.126 billion, compared to consumer turnover which saw a 9% rise to RUB28.747 billion in the twelve-month period. FY19 net profit amounted to RUB2.644 billion, up 26% compared to 2018, and ER-Telecom invested annual CAPEX of RUB10.351 billion, up 32%. The group’s services include fibre-based broadband access, fixed-wireless data networking, corporate solutions, fixed IP telephony, digital TV, Wi-Fi access, VPNs, video surveillance and integrated industrial Internet of things (IoT) solutions including LoRaWAN network access, while it is also actively participating in the Federal connectivity programme to eliminate the digital divide.

Russia, ER-Telecom (