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Rostelecom gains TV customers as profit soars

August 6, 2021 10.29 Europe/London By Chris Dziadul

The Russian incumbent Rostelecom ended the second quarter with a total of 10.8 million pay-TV subscribers.

This, according to the company in its latest set of results, was 2% more than in the same period last year.

Of these, 6.3 million, or 8% more than a year earlier, opted for its IPTV services.

Although Rostelecom also saw a modest increase in its pay-TV ARPU – up 2% to R254 (€2.9) – that for IPTV fell by 2% to R302.

Rostelecom’s total revenues in Q2 amounted to R138,589 million (+9%), while its OIBDA was R55,938 million (+15%).

Its net income was R11,174 million, or 46% more than a year earlier.

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Filed Under: Central & East Europe, Newsline Tagged With: Rostelecom, Russia Edited: 6 August 2021 10:29

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