Russian telco gains TV customers

May 27, 2014 11.14 Europe/London By Chris Dziadul

Rostelecom ended the first quarter with 7.6 million pay-TV subscribers, an 8% increase on the same period last year.

Its IPTV subscriber total meanwhile rose by 33% to 2.3 million. The Russian telco’s revenues were, at R80.4 billion (€1.7 billion) in Q1, 1% up year-on-year, while revenues from continued operations (fixed business) rose by 4% to R73.2 billion.

OIBDA amounted to R26.5 billion (R29.4 billion a year earlier) and net income rose by 8% year-on-year to R6.9 billion.