Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRTELECOM SEES EBITDA RISE BY 5% IN 2020

26 February , 2021  

PJSC Ukrtelecom in 2020 reduced its net income by 2%, to UAH 6.214 billion, the company’s CEO Yuriy Kurmaz said at a press conference in Kyiv on Wednesday.

At the same time, EBITDA increased by 4.8%, to UAH 1.698 billion, and EBITDA margin by 1.8 percentage points, to 27.3 compared to the operator’s audited statements for 2019.

The company’s capital investments decreased by 0.5%, to UAH 688 million.

In 2020, Ukrtelecom built 10,000 km of fiber-optic communication lines, providing 270,000 households with the access to the optical Internet network.

Ukrtelecom is the largest fixed-line operator in Ukraine. It is the sole founder and participant of TriMob LLC – a mobile operator of 3G/UMTS standard.