Business news from Ukraine

Business news from Ukraine

Ukrtelecom’s revenue for first nine months rose by nearly 13% to 4.3 bln hryvnia

29 October , 2026  

Ukrtelecom, the country’s largest fixed-line operator, increased its revenue by nearly 13% in January–September 2026 compared to the same period in 2025, reaching 4.3 billion UAH, while EBITDA rose 46% year-over-year and exceeded 1.3 billion UAH, according to a company press release on Thursday.

“Throughout the third quarter of 2026, Ukrtelecom continued to ensure the stable operation of its telecommunications infrastructure and uninterrupted service for our subscribers across Ukraine,” emphasized Yuriy Kurmaz, CEO of Ukrtelecom, in the press release.
It is noted that revenue from fiber-optic internet services for the first nine months grew by 12% compared to the same period last year, while as of the end of September, 85% of subscribers in the B2C segment and 93% of subscribers in the B2B segment were using the company’s fiber-optic internet.

Among other things, the EBITDA margin for the reporting period was 30.5%, which is 7 percentage points higher than last year.
The company added that over the first nine months of this year, more than 3,400 km of fiber-optic lines were laid, while the total length of the fiber-optic network reached 96,300 km.

According to the press release, as of the end of the third quarter of this year, nearly 1,500 medical facilities and 2,038 educational institutions were connected to the fixed-line operator’s fiber-optic network.
In addition, since the beginning of this year, the company’s specialists have installed fiber-optic internet connections at 82 medical facilities and 143 educational institutions.

Separately, Ukrtelecom reported that from January through September 2026, revenue from commercial real estate leases totaled nearly 495 million UAH.
It is noted that over the first nine months of 2026, the company paid nearly 1.3 billion UAH in taxes and fees to budgets at all levels.

The company also noted that in September of this year, the virtual mobile operator U Mobile began operations in Ukraine; U Mobile is the brand name for mobile communication services provided by Trimob LLC, whose sole founder is Ukrtelecom.
The virtual mobile operator offers the “Simka” line of rate plans, which include the ability to use messaging apps, watch video content, and work.

As previously reported, in January–June 2026, “Ukrtelecom” increased its total revenue by 12.6% compared to the same period in 2025—to 2.78 billion UAH, while EBITDA grew by 50% and exceeded 810 million UAH.

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