The Russian cable operator ER-Telecom saw a 3.1% increase in its B2C subscriber total in the year to March 31.
In its latest set of results, the company says that as of the end of Q1 it had a total of 6,942,000 active customers. Meanwhile, its consolidated revenue increased by 13% year-on-year to R10,543 million (€145.7 million) and EBITDA by 42% to R4,157 million.
The company’s net profit amounted to R814 million.
In his comments on the results, ER Telecom’s president Andrei Kuzyaev said: “ER-Telecom continues to grow and develop in accordance with the approved strategy. We set ourselves the task to increase the volume of our services and constantly create additional value for our customers. In the first quarter of 2019, the holding’s revenue grew by 13%. EBITDA continues to grow faster than revenue. Its growth was 42%. The key growth factor, as before, is the B2B business based on providing digital services to our customers. ”
