Ukrtelecom, Ukraine’s largest fixed-line operator, increased its revenue by 3.5% in January-March 2025 compared to the same period in 2024, to UAH 1.17 billion.
According to the company’s press service on Tuesday, EBITDA in the first quarter of this year amounted to UAH 162 million. The EBITDA margin decreased by 10 percentage points compared to the same quarter last year. The company did not disclose the absolute value of EBITDA margin in the first quarter of 2025, stating that the decrease was “due to a significant increase in electricity costs as a result of a nearly 50% increase in tariffs compared to last year.”
The number of new B2C subscribers connected to Ukrtelecom’s optical network in the first quarter of 2025 increased by 21.7% compared to the same quarter of 2024. In addition, in the last quarter, about 30 medical and almost 50 educational institutions were connected to the company’s optical network. In total, high-speed Internet from Ukrtelecom is already available in more than 1,330 medical and 1,800 educational institutions across the country, according to the report.
Since the start of the full-scale invasion in 2022, Ukrtelecom’s optical network has grown by 15.5% to 90,000 kilometers of fiber-optic lines as of the end of the first quarter of 2025. According to the consolidated report on Ukrtelecom’s website, the length of the company’s fiber-optic lines in 2022 was 76,000 km. The company reached this figure after laying a record 14,000 km of fiber-optic lines in 2021.
The current scale of the fiber-optic network (90,000 km) allows more than 3 million households (homepass) across the country to connect to modern services, Ukrtelecom reported.
The company also reported that to develop its optical infrastructure at the access network level, it is using FTTH/P architecture based on GPON technology, which provides stable, high-speed, and energy-independent Internet access even during prolonged power outages.
“Despite all the difficulties of wartime, Ukrtelecom continues to provide high-quality communications and maintain the country’s digital resilience. We are systematically investing in the construction of optical infrastructure and network modernization, and every month we connect thousands of Ukrainians, businesses, government agencies, medical, educational, and socially important institutions to energy-independent GPON internet. We also provide reliable communications for our defenders,” said Yuriy Kurmaz, CEO of Ukrtelecom, as quoted by the company’s press service.
According to him, the company will continue to expand its fiber-optic network. The plans for 2025 include laying another 6,000 km of fiber optics.
”90,000 kilometers of optical lines have already been laid, but this is only part of the huge work we continue to do every day to ensure that as many settlements in our country as possible have access to modern telecommunications services,” Kurmaz said.
Earlier, Ukrtelecom reported that, according to the results of January-September 2024, Ukrtelecom’s fiber-optic network reached about 90,000 km and covers 2.7 million Homepasses. As of early July 2024, Ukrtelecom’s fiber optics are available in 1,280 medical facilities and over 1,700 educational institutions.
According to unaudited financial statements, Ukrtelecom increased its revenue in 2024 by 4.6% compared to 2023, to UAH 5.3 billion. EBITDA decreased slightly to UAH 970 million, compared to UAH 1 billion in 2023. The EBITDA margin was 20%, compared to 21.1% in 2023.
Ukrtelecom’s capital investments in 2024 increased by 60% compared to the previous year to over UAH 750 million. Total investments in the company’s development exceeded UAH 900 million.
It was reported that in 2024, the company laid almost 7,000 km of fiber-optic cable, providing access to modern services for 3 million households across the country. Access to the optical network was provided to 1,300 medical and about 1,780 educational institutions.
