Ukrtelecom, the country’s largest fixed-line operator, increased its revenue by 4.6% to UAH 5.3 billion in 2024 compared to 2023, according to its unaudited financial statements, the company’s press service reports.
“In 2024, Ukrtelecom’s total revenue amounted to almost UAH 5.3 billion, up 4.6% year-on-year,” the operator’s press service said in a statement.
EBITDA slightly decreased to UAH 970 million compared to UAH 1 billion in 2023. The EBITDA margin amounted to 20%, compared to 21.1% in 2023.
Commercial lease income amounted to almost UAH 450 million, and the number of leased areas exceeded the volume before the full-scale invasion – 530 thousand m2, the company reported.
In 2023, Ukrtelecom’s commercial rental income from real estate freed up by the modernization of its network amounted to over UAH 500 million, up 35% compared to 2022.
Ukrtelecom’s capital investments in 2024 were reported to have increased by 60% year-on-year to over UAH 750 million. Total investments in the company’s development exceeded UAH 900 million.
In 2024, the company laid almost 7 thousand km of fiber-optic cable, providing access to modern services for 3 million households across the country. Optical access technology is already used by over 70% of Ukrtelecom Internet users, including more than 1300 medical and about 1780 educational institutions.
The number of optical connections continues to grow in all segments. During the year, 230 medical and educational institutions were connected to Ukrtelecom’s optical infrastructure. The total number of new connections to Ukrtelecom’s optical network increased by 22%, while revenue from optical-based Internet services grew by 17%, the operator said in a statement.
“2024 was a period of dynamic development for Ukrtelecom. We have been actively building our optical network by laying almost 7,000 kilometers of fiber optic cable, which has enabled 3 million households to connect to modern services. “It is very important for us to note a significant growth of new optical subscribers by 22%, which demonstrates the high interest and trust of users in modern, high-speed and reliable Internet from Ukrtelecom,” said Yuriy Kurmaz, Ukrtelecom CEO.
He assured that in 2025 the company will actively invest in the development of optical infrastructure to provide modern communications to our defenders, government agencies, businesses, critical and social infrastructure facilities and the population.
Ukrtelecom said it continues to do everything possible to ensure the network’s operation even during external power outages. In 2024, the company spent almost 700 thousand liters of fuel worth about UAH 30 million and 18 thousand liters of oil worth UAH 1.4 million to ensure uninterrupted operation of the network during blackouts due to enemy attacks.
Despite the challenging wartime conditions, Ukrtelecom carried out emergency repairs wherever possible, including frontline and de-occupied settlements. In 2024, the company’s specialists restored telecommunications networks almost 3,000 times. Two regional communication hubs were restored. The company spent UAH 8.3 million to restore the infrastructure damaged by hostilities, the company said.
In 2024, Ukrtelecom paid more than UAH 1.33 billion in taxes and fees to the budgets of all levels, which is about the same as in 2023, when it paid UAH 1.35 billion.
Earlier it was reported that Ukrtelecom reduced its revenue by 10% to UAH 5 billion in 2023 according to its unaudited financial statements. According to the results of 9 months. Ukrtelecom increased its revenue by 12.7% year-on-year to UAH 3.6 billion in 9M2024, while reducing EBITDA by 15% to UAH 850 million.
Starting from 1 January 2025, Ukrtelecom increased prices for telephony and wired radio services by 27-30%.
