MTS gains in Moscow pay-TV market
May 24, 2019 08.27 Europe/London By Chris Dziadul
MTS ended the first quarter with 2,934,000 TV customers in its home market, Russia.
This, according to the company’s latest set of results was up from the 1,875,000 figure posted a year earlier.
Meanwhile, the MGTS (B2C and B2B) and GPON customer total at the end of Q1 was 1,979,000, up from 1,875,000 a year earlier.
In its results, the company notes that according to internal estimates its broadband market share in Moscow grew to 39% in Q1. At the same time, its pay-TV market share grew by 43.6%.
MTS group as a whole had revenues of R118 billion (€1.64 billion) in Q1 or 9.4% more than a year earlier.
Its OIBDA was R55.3 billion (+6%) and net profit R17.6 billion (+14.1%).