ER-Telecom’s FY 2020 revenue jumps 20%

6 Apr 2021

Russian fixed broadband network operator ER-Telecom ( has announced its financial results for full-year 2020, in which its consolidated revenue increased by 20% compared to 2019, reaching RUB53.625 billion (USD702 million). Annual operating income before depreciation and amortisation (OIBDA) rose by 26% to RUB21.471 billion, giving a 40% OIBDA margin (up by two percentage points year-on-year). ER-Telecom president Andrey Kuzyaev commented on the results: ‘The economic crisis associated with the coronavirus pandemic negatively affected the growth and development of our company. Twofold growth in traffic led to significant additional investment in infrastructure. However, the developed and implemented anti-crisis action plan, thanks to high-quality and successful teamwork, allowed us to ensure the fulfillment of our obligations to our clients, and in general, go through 2020 stably.’

Russia, ER-Telecom (