In 2023, Vega, a telecom provider of PJSC VF Ukraine (Vodafone Ukraine), increased its revenue by 15% compared to 2022 to UAH 491.2 million, the company’s press service said on Tuesday.
“In 2023, the national telecom operator Vega’s revenue amounted to UAH 491.2 million, up 15% compared to 2022. The main sources of the company’s revenue are broadband high-speed Internet access services, IP telephony for business segment customers and revenue from sales of telecom services to other operators/providers,” the press service said.
It is noted that revenue from services provided to B2B and B2C customers using modern fiber-optic technologies amounted to UAH 261 million in 2023.
With the support of Vodafone Ukraine, the provider increased its capital investments by 173% compared to 2022 to UAH 281 million, investing mainly in the modernization and development of networks and energy efficiency, the statement said.
“Capital investments increased by 173% compared to 2022 and amounted to UAH 281 million. This mainly includes the construction of new GPON (Gigabit Passive Optical Network) Internet zones, modernization of networks from FTTx to PON technology, purchase of batteries and generators to provide technical sites with alternative power sources in case of power outages,” said Vega CEO Serhii Skrypnikov.
According to him, in 2024, Vega will continue to expand its GPON coverage and will also work on the full completion of the project to modernize the network from outdated FTTx to GPON technologies.
As part of the integration of the national broadband Internet access operator Frinet into Vodafone Ukraine, the company continues to modernize its network to improve the energy efficiency of the company’s network, Vega’s press service said.
“In 2024, the company plans to make record investments to provide backup power to sites and ZIP equipment to restore the network,” the statement said.
Earlier, PJSC VF Ukraine reported that in 2023 the company increased investments in the development of new fiber-optic lines based on Vega, and also acquired a 90.6% stake in Frinet LLC in August last year. Last year, the company actively expanded its coverage in the cities where it operates and started building GPON networks in Mykolaiv and Ivano-Frankivsk. In 2023, the company built a network in 3.125 thousand apartment buildings with access to modern high-speed Internet for 411.426 thousand households. In total, Vodafone Gigabit Net (the service is provided via a fiber-optic network designed using GPON technology) is available in more than 6 thousand homes in Ukraine. The number of energy-efficient Internet users using GPON technology has tripled.
