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.
