Revenues of Russian national operator Rostelecom reached RUB 131.96 billion in the first quarter of this year, up by 9 percent year-on-year. OIBDA jumped by 18 percent to RUB 55.44 billion. Net profit soared by 58 percent to RUB 11.81 billion.
Capital expenditure at the operator grew by 24 percent to RUB 27.18 billion. FCF increased by RUB 2.09 billion to RUB 8.40 billion.
Rostelecom continued acting according to its corporate strategy for development until 2025, focusing on digital transformation. The strategy also includes reducing spending on traditional telecommunications services in order to raise the OIBDA margin.
The mobile operator Tele2 Russia, controlled by Rostelecom, demonstrated good results.
Rostelecom's internet subscriber base grew by 2 percent to 13.5 million. Its household broadband subscriber base was 12.4 million, also up by 2 percent. The number of corporate customers using broadband and VPN increased by 6 percent to 1.1 million.
The pay-TV subscriber base was 10.8 million, up by 3 percent. The figure included 6.2 million IPTV subscribers, up by 9 percent. Local telephony subscribers dropped by 10 percent to 13.7 million. The IP telephony user base jumped by 33 percent to 170,000.
The active mobile internet user base jumped by 19.9 percent year-on-year.
