Friday, March 21, 2014

ER Telecom becomes profitable

ER-TelecomThe Russian cable operator ER Telecom generated a profit of R537 million (€10.75 million) in 2013.
Its revenues grew by 37% year-on-year to R19.02 billion, while EBITDA increased almost six-fold to R5.71 billion.
Revenues from TV services in 2013 amounted to R5.54 billion and ARPU for all segments was R323, including 18% VAT.
ER Telecom, which operates under the brand name Dom.ru, had 2.566 million cable TV subscribers at the end of 2013, up 9% on a year earlier.
Its broadband subscriber total meanwhile increased by 11% over the same period to 2.732 million.
ER Telecom’s total subscriber base stood at 3 million, with the number of RGUs at 5.742 million.
Triple play services were received by 14% of subscribers, one percentage more than a year earlier.
ER Telecom, by its own estimates, had a 12% share of the broadband market nationally in 2013 (up from 10% a year earlier) and a 13% (10%) share of the TV market.
In the 56 cities it has a presence, its broadband and pay-TV market shares were 28% and 38% respectively.
The Dom.ru TV service, one of the company’s main drivers for growth, was used by 400,000 subscribers, or one in six receiving cable and HD TV services.

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