Ukrtelecom, the country’s largest fixed-line operator, increased its revenue by 12.7% year-on-year to UAH 3.6 billion in January-September, while cutting EBITDA by 15% to UAH 850 million.
Ukrtelecom continues to demonstrate a high level of operational efficiency: in 9M2024, the company generated total revenue of approximately UAH 3.6 billion, up from UAH 3.14 billion in January-September a year earlier, according to a statement on the company’s website on Tuesday.
At the same time, revenues from commercial lease of real estate released due to the network modernization increased by almost a third (+35%), up to UAH 325 million, compared to the same period last year.
The company’s EBITDA margin in 9M2024 decreased by 4% to 24%. Net profit was not disclosed. In 9M2023, Ukrtelecom posted a net profit of UAH 242.39 million compared to a net loss of UAH 755.18 million in 2022.
In January-September this year, Ukrtelecom paid UAH 1 billion in taxes and fees, the same as a year earlier. The company has paid UAH 3.8 billion to the budget over the entire period of the full-scale invasion.
Capital investments amounted to UAH 725 million.
“Ukrtelecom continues to replace copper infrastructure, develops optical infrastructure and invests in FTTH/P network using GPON (general purpose over-the-air network) technology.
“This year, we have already laid about 5.5 thousand km of optics throughout Ukraine, including Sumy, Chernihiv, Donetsk, Zaporizhzhia, Kharkiv and Kherson regions. In total, Ukrtelecom’s optical network reaches about 90 thousand km and covers 2.7 million Homepasses,” the company said.
It is noted that the development of the optical infrastructure contributes to the growth of broadband subscribers.
“During the full-scale war, the percentage of optical users in the total Internet subscriber base has increased significantly. At the beginning of 2022, optical subscribers accounted for 34% of the total Internet user base, while now this figure is 68%,” Ukrtelecom said.
The total number of optical Internet users increased to 360 thousand at the end of the third quarter of 2024, and revenue from optical Internet services increased by 17.5% over 9 months. Ukrtelecom’s optical internet has been installed in 1306 medical and 1763 educational institutions.
The company is improving energy efficiency, continuing preparations for the winter period and possible outages, and updating its battery and generator fleet. Since the beginning of 2023, the company has invested over UAH 60 million in the renewal of power equipment, including the purchase of batteries and diesel generators. The company has also created strategic fuel reserves. Ukrtelecom reminded that during the large-scale power outages in July 2024, it consumed up to 13.5 thousand liters of diesel fuel per day at a cost of UAH 600-650 thousand.
Joint Stock Company (JSC) Ukrtelecom is the largest fixed-line operator in Ukraine, providing a full range of telecommunications services in all regions of the country. The company’s national network consists of almost 1.5 million km of communication lines, which ensures its presence in all regions of Ukraine. “Ukrtelecom covers 11,000 settlements (400 cities and 10,900 villages and urban-type settlements). The company’s fixed-line subscriber base includes 3.9 million active telephone lines. Ukrtelecom’s Internet subscriber base includes almost 1.35 million users with a presence in 2,230 settlements (including 1.5 thousand urban-type settlements).
“Ukrtelecom is the sole shareholder and founder of TriMob LLC, which provides UMTS/WCDMA mobile services under the TriMob brand.
In 2013, the company joined SCM’s business.
The State Specialized Economic Enterprise “Forests of Ukraine” on November 5 announced a tender for compulsory insurance of motor civil liability of owners of land vehicles (OSAGO).
As reported in the electronic public procurement system Prozorro, the expected cost of purchasing insurance services is UAH 9.534 million.
The deadline for submitting bids for the tender is November 13.
Global Build Engineering (Ternopil), Spets-Bud Standard (Ternopil region) and Uniontransbuilding (Lutsk) have received permission from the Antimonopoly Committee of Ukraine to create a consortium called Global Roads Group. The relevant decision on granting permission for concerted actions of the companies was made by the Antimonopoly Committee of Ukraine on October 31.
According to Opendatabot, the owner and beneficiary of Global Build Engineering LLC is Serhiy Tolstikov. The company is engaged in the construction of residential and non-residential buildings, roads and highways.
According to the financial results for 2023, “Global Build Engineering” reduced net income by 32% – to UAH 45 million, while increasing net profit threefold – to UAH 340 thousand.
Petr Zemba is the owner and ultimate beneficiary of Spets-Bud Standard LLC. The main type of activity is road construction. According to the results of 2023, the net income of the company increased by 24% – to UAH 67 million, while net profit decreased 11 times – to UAH 14.2 thousand.
The owner of Uniontransbuilding LLC is listed as Andriy Podosovsky. The company is also engaged in the construction of buildings. According to the results of 2023, the company increased net income 3.8 times – up to UAH 186 million, net profit – four times, up to UAH 2.7 million.
US presidential candidate from the Republican Party Donald Trump has already received 277 electoral votes out of the 270 needed to win, while Democratic candidate Kamala Harris has received 226 votes, FoxNews reports.
CNN, for its part, predicts Trump’s victory in Pennsylvania, which will provide him with the necessary 270 electoral votes. “Former President Donald Trump will win the key swing state of Pennsylvania, CNN predicts. There are 19 electoral votes at stake in Pennsylvania,” the report said.
US Republican presidential candidate Donald Trump has declared himself the winner of the election, speaking to supporters and voters in Palm Beach, Florida.
“This is a political victory like our country has never seen before. I want to thank the American people for this honor of being elected your 47th president and your 45th president,” Trump said.
