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Russian cableco restructures

May 23, 2013 11.15 Europe/London By Chris Dziadul

The Moscow-based cable company Akado is being restructured.

Quoted by Kommersant, its president Viktor Korash said that the Moscow operation has been combined with those in St Petersburg and Yekaterinburg, allowing for profit margins to increase to 38%, compared to a market average of 30%.

Five legal entities in Moscow had meanwhile been combined to reduce the number to three.

These steps had already helped Akado increase its EBITDA by 25% in 2012.

Akado ended last year with 840,000 broadband, 1.24 million cable TV and 656,000 digital TV subscribers.

Commenting on other issues, Korash said he believed that HD would drive the growth of the pay-TV market in Russia.

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Filed Under: Cable, Central & East Europe, Newsline, Platforms Tagged With: Akado, Russia Edited: 23 May 2013 11:15

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About Chris Dziadul

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