This, according toComnews, was 3% more than three months earlier and came against the backdrop of a general slowdown in the pay-TV market over the period.
Orion Express, which remains the fifth leading player in Russia’s pay-TV market, also had revenues R802 million (€14.32 million) in the first quarter.
Most cash flow was from subscription payments, with the total being 41% higher than in the same period last year.
Orion Express accounted for 7.1% of a pay-TV market in Russia numbering some 37.4 million subscribers in the first quarter.
Meanwhile, its share of income in the DTH sector in 2014 is believed to have been 20%.
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