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.
EBITDA, fiber-optic internet, REVENUE, telecommunications, UKRTELECOM
State-owned Oschadbank has put up for auction on the “Prozorro.Sales” platform a claim against ESU LLC, which owns 92.79% of the shares in JSC “Ukrtelecom,” with a starting price of 2.65 billion hryvnia, the bank announced on Friday.
The claim arose under a securities purchase agreement dated April 25, 2013, under which Oschadbank acquired 2 million bonds of ESU LLC with a total par value of 2 billion UAH.
The auction is scheduled for October 6 at 12:55 p.m., and the submission of bids will close on October 5 at 8:00 p.m. Bidding will follow the English-style ascending-bid model.
The starting price of the lot is 2.65 billion UAH excluding VAT; the minimum bid increment is 1%, or 26.45 million UAH; and the security deposit is 5%, or 132.27 million UAH.
Banks and other financial institutions that are legally authorized to provide funds and bank metals on credit are eligible to participate in the auction.
If the English-style auction does not take place, Oschadbank may subsequently offer the claim rights in a Dutch-style auction with a reduced starting price.
As previously reported, in November 2022, Oschadbank had already put the claim against “ESU” up for sale via OpenMarket (the State Enterprise “SETAM” of the Ministry of Justice) with a starting price of 1.82 billion UAH; however, the auction did not take place due to a lack of eligible bidders.
Following a tender announced in the fall of 2010, the State Property Fund of Ukraine sold 92.79% of Ukrtelecom’s shares in early 2011 to the Ukrainian subsidiary of the Austrian company EPIC—ESU LLC—for 10.58 billion hryvnias. The SCM Group, owned by Ukrainian businessman Rinat Akhmetov, acquired ESU in 2013.
In 2024, the Kyiv Commercial Court opened bankruptcy proceedings against ESU LLC.
“Ukrtelecom,” the country’s largest fixed-line operator, increased its total revenue by 12.6% in the first half of 2026 compared to the same period last year—to 2.78 billion UAH, while EBITDA rose by 50% to exceed 810 million UAH, according to a company press release on Friday.
“As it has throughout the full-scale war, Ukrtelecom continues to implement its strategic approach: not merely to restore damaged networks, but to replace outdated infrastructure with modern telecom and IT equipment to implement a new optical telecom architecture and a modern IT landscape for the company,” emphasized Yuriy Kurmaz, CEO of Ukrtelecom, in the press release.
According to him, as of today, the company has over 95,000 km of fiber-optic network and is continuing a large-scale modernization of its infrastructure across the country.
It is noted that the EBITDA margin has risen to more than 29%.
The number of new connections in the residential segment increased by 81% compared to the same period last year, while the figure for small and medium-sized businesses rose by 17%.
Ukrtelecom specified that, as of the end of the first half of 2026, 1,400 medical facilities and 2,000 educational institutions were connected to the fiber-optic network. Meanwhile, revenue from fiber-optic internet services in the first half of 2026 increased by 12.5% compared to the same period last year.
Among other things, the fixed-line operator reported that revenue from commercial leases for the first six months of 2026 exceeded 320 million UAH, representing growth of more than 20% compared to the same period in 2025.
The company added that, according to survey results, the net promoter score (NPS) for new fiber-optic subscribers of the fixed-line operator in the first half of 2026 was more than 70%.
Separately, the CEO of Ukrtelecom noted that the company is simultaneously building fiber-optic networks while restoring and modernizing infrastructure damaged by hostilities in frontline regions of the Kharkiv, Sumy, Kherson, Mykolaiv, and Dnipropetrovsk regions, as well as other regions of Ukraine.
It is noted that in the first half of 2026, the company paid nearly 800 million UAH in taxes and fees to budgets at all levels.
The fixed-line operator is expected to continue investing in the development of telecommunications infrastructure.
In January–March 2026, Ukrtelecom reported a consolidated net profit of 15.46 million UAH, compared to a net loss of 652.95 million UAH for the same period in 2025.
As previously reported, in 2025, Ukrtelecom increased its consolidated net loss by 24.6% compared to 2025—to 294.87 million UAH—while its net revenue grew by 3.2%—to 4.27 billion UAH.
Fixed-line operator “Ukrtelecom” increased its net revenue by 3.5% in 2025 compared to 2024—to 4.16 billion UAH, according to the company’s separate annual report.
According to the report, other operating income last year grew 1.6 times compared to 2024—to UAH 1.20 billion, while the company’s total revenue for the year amounted to UAH 5.40 billion, which is 5% more than the year before last.
It is noted that operating profit (EBITDA) in 2025 grew by nearly 29%—to 1.20 billion UAH—although the company reported a net loss of approximately 365 million UAH for the year, due to the revaluation of the fair value of long-term accounts receivable.
According to the report, Ukrtelecom laid 4,500 km of fiber-optic cable in 2025, including in frontline settlements. The total length of the fiber-optic network reached nearly 93,000 km, serving 3.4 million households.
The number of connections to the fiber-optic network is growing across all segments, and the share of fiber-optic internet users exceeded 80% of the company’s total subscriber base of internet users, the document states.
It is noted that revenue from the provision of fiber-optic internet services for 2025 increased by 12%, and the NPS of Ukrtelecom’s new B2C fiber-optic customers as of the end of 2025 stands at nearly 75%.
In addition, as part of the “Optical Infrastructure Zone” (OIZ) program, a total of 70,700 Homepasses were built in 2025.
Reportedly, starting January 1, 2026, the company introduced a new speed standard for households connected to the GPON network nationwide—up to 1 Gbps. Thus, subscribers gained the ability to use gigabit internet regardless of their current tariff plan and “by default.”
It is noted that in 2025, Ukrtelecom paid nearly UAH 1.6 billion in taxes and fees to budgets at all levels, which is 17% more than in 2024.
The company’s assets as of the end of the year amounted to 13.82 billion UAH, which is 0.80 billion UAH more than at the beginning of the year.
The company also reported that current and long-term liabilities and provisions for 2025 decreased by 408 million UAH, while the volume of capital investments fell by 11% to 462 million UAH.
Among other significant events of the past year, the fixed-line operator highlighted the fact that it became the first Ukrainian company to join Connect Europe, an association of leading European electronic communications operators.
As for the main plans, these include scaling and modernizing the telecommunications network, building new modern fiber-optic networks, and modernizing the existing telecom network.
Other plans include the development of related and additional business areas, which include a partnership with YASNO: lead generation for solar power plant (SPP) installation projects, sales of “Smart Watt” and E-Mobility equipment, sales and leasing of IPv4 addresses, as well as the development of business processes and IT systems.
According to Fixygen, Ukrtelecom JSC will hold its annual general meeting of shareholders on April 30, 2026, via remote participation. The main agenda items include the approval of financial statements, financial results, and the development strategy.
Ukrtelecom is the largest fixed-line operator in Ukraine.
According to Opendatabot, the controlling stake (over 90%) is owned by SCM (System Capital Management), whose ultimate beneficiary is Rinat Akhmetov. The company remains a key player in the country’s telecom market.
According to unaudited financial statements, Ukrtelecom, the country’s largest fixed-line operator, increased its total revenue by 7% in 2025 compared to 2024, to UAH 5.2 billion, the company said in a statement.
“In 2025, we continued to invest in network stability: in optical infrastructure, energy independence, and cyber protection,” said Yuriy Kurmaz, CEO of Ukrtelecom, in the release.
It is noted that EBITDA in 2025 exceeded UAH 1.2 billion, which is 31% more than in the previous year, and EBITDA margin increased by 4.3 percentage points (pp) to 24%.
The operator emphasized that capital investments in 2025 amounted to about UAH 500 million and were directed toward the development of optical infrastructure and energy sustainability of the network. The company also transferred almost UAH 1.6 billion in taxes and fees to budgets of all levels over the past year.
According to the release, 4.5 thousand km of fiber-optic cable were laid during 2025, and the total length of the optical network reached almost 93 thousand km. As of the end of 2025, the company’s optical coverage covers 3.4 million Ukrainian households, and 1,400 medical and 1,900 educational institutions use modern optical services.
Ukrtelecom specified that by the beginning of 2026, the share of fiber optic internet users exceeded 80% of the operator’s total internet subscriber base, and revenue from providing fiber optic internet services grew by 12%.
The company added that on January 1, 2026, it introduced a new speed standard for households—up to 1 Gbit/s based on GPON.
Among other achievements last year, the operator highlighted more than UAH 550 million in revenue from commercial leases (excluding reimbursement of electricity, heat, and other utility costs), with leased properties totaling nearly 590,000 square meters.
It is noted that in 2025, the mobile operator TriMob, founded by Ukrtelecom, introduced LTE/4G mobile communication services.
“In 2025, Ukrtelecom became the first Ukrainian company to join Connect Europe, which brings together leading European operators,” the release also notes.
