The Russian cable operator ER Telecom, which operates under the brand name, had revenues of over R22 billion (€352.3 million) in 2014.

This, according to Comnews, was almost R3 billion more than a year earlier, while its net profit, at R2.8 billion, was five times greater than the R448 million posted a year earlier.

Russian analysts have generally spoken positively about the company’s performance in 2014, the highlight of which was the acquisition of the St Petersburg-based provider InterZet.

ER Telecom ended the year with 12% and 13% shares of the Russian broadband market and pay-TV markets respectively.