The Russian cable operator ER Telecom saw its revenues grow by 27% to R28.2 billion (€470 million) in 2016.
According to Vedomosti and AKTR, this was mainly due to the acquisition of other operators and increase in income from the business segment, which grew by 129% in 2016.
Meanwhile, income from private users grew by 6%, with their number increasing by 8% to 5.74 million.
ER-Telecom plans to derive at least 30% of its income from corporate users by 2021.
In 2016, it was already 31%, or 14 percentage points more than a year earlier.
For this year, it expects to grow by at least 15%, with 8-10% being organic.