Friday, March 21, 2014

Rostelecom grows TV business

RostelecomRussia’s Rostelecom ended 2013 with 7.5 million pay-TV subscribers, or 9% more than a year earlier.
At the same time, its IPTV subscriber total increased by 38% to 2.2 million.
The company’s broadband subscriber total at year’s end stood at 10.6 million (+8%), with B2C customers amounting to 9.8 million (+9%) and those connected by fibre-optic at 4 million.
The latter figure represented a 30% year-on-year increase and was equivalent to 38% of the subscriber base.
Rostelecom’s full-year revenues from pay-TV services in 2013 were 29% higher than a year earlier.
Rostelecom’s consolidated revenues in 2013 were R325.7 billion (€6.48 billion), 2% down on a year earlier. Its net income amounted to R24.1 billion.

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