In January-September 2024, Ukraine’s second largest mobile operator, Vodafone Ukraine (VFU), increased its revenue by 13% to UAH 18.05 billion, while reducing its net profit by 23% to UAH 2.92 billion.
According to the company’s official website, OIBDA increased by 6% to UAH 9.55 billion in the first nine months of operation. The OIBDA margin decreased by 4 percentage points to 52.9%.
The company’s investments also decreased by 10% to UAH 3.41 billion compared to the same period last year.
APRU (average monthly revenue from fixed-line voice services per subscriber) increased by 8.9% to UAH 122.4. The operator’s subscriber base increased by 4.7% to 15.9 million customers.
In the first nine months of 2024, Vodafone Ukraine demonstrated business stability and positive growth in key operating and financial indicators, the company said on its official website.
VF Ukraine attributed the 23% decline in net profit to currency fluctuations.
At the same time, the increase in APRU by 8.9% is due to an increase in the use of mobile services, as well as an increase in the number of fixed-line Internet customers to 270 thousand, which is 16% more than in the third quarter of 2023, the company explained.
“Vodafone Ukraine continues to reinvest its profits in telecommunications infrastructure. The company maintains a high investment rate: UAH 3.4 billion was invested in infrastructure in the first nine months of 2024. Since the start of the full-scale war, Vodafone Ukraine has invested a total of UAH 12.66 billion in Ukraine. The priority areas remain the restoration and maintenance, energy resilience of mobile communications facilities and expansion of network capacity,” the company said.
“Vodafone Ukraine is investing in the development of fixed-line Internet access networks based on modern GPON technology. More than 8,000 apartment buildings in 16 cities of Ukraine are already connected to the energy-efficient network. Over the past three years, Vodafone Ukraine has invested UAH 670 million to expand its fixed network by increasing GPON coverage tenfold. The operator is actively building new service areas in Kyiv, Odesa, Dnipro, Kharkiv, Lviv, Zaporizhzhia, Mykolaiv and Ivano-Frankivsk. In August this year, the company started building energy-efficient networks in Poltava, Chernihiv, Zhytomyr, Lutsk, Rivne and Ternopil.
Vodafone Ukraine reminded that for the second consecutive year, Vodafone mobile Internet has been recognized as the fastest in Ukraine according to the results of Speedtest user tests, and the operator received the prestigious Ookla Speedtest Awards.
The company also continues to develop services based on its IoT network. In August, VF Ukraine and Kyivteplocomunenergo signed an agreement to install NB-IoT-enabled meters in Kyiv. NB-IoT technology ensures reliable connectivity even in difficult places such as basements or underground parking lots. Designed specifically for the Internet of Things, this network supports a large number of simultaneous device connections, making it ideal for large-scale urban or large industrial deployments.
In August 2024, Vodafone Ukraine launched new tariff plans as part of the Roaming at Home concept. Ukrainians can use their home tariff in 28 European countries at no additional cost and without activating services.
“This option is especially valuable for volunteers and military personnel traveling abroad for training and remains popular for both tourist and business trips to Europe,” Vodafone Ukraine said.
It is reported that the company managed to increase its subscriber base by 4.7% compared to the third quarter of last year, to 15.9 million customers, as of September 30, 2024, in both the private and corporate segments.
In September, Vodafone Ukraine started offering numbers with a new code – 075. The additional range of numbers has expanded the choice of desired combinations for new and existing customers.
Vodafone is one of the world’s largest telecommunications companies providing a wide range of services, including mobile voice, data, messaging, fixed broadband and cable TV. The company operates in 15 countries and cooperates with mobile networks in 45 countries. As of June 20, 2024, Vodafone provides services to more than 330 million mobile subscribers, 21 million fixed-line subscribers, 17 million TV subscribers, 17 million broadband subscribers, 17 million TV subscribers and connects more than 187 million IoT devices.
“Vodafone Ukraine is a leading Ukrainian telecommunications company providing 3G and 4G broadband, fixed-line and Internet services. The company serves 15.9 million subscribers. Since December 2019, Vodafone Ukraine has been a part of NEQSOL Holding, a diversified group of companies operating in the energy, telecommunications, high-tech and construction sectors.
