Telecom provider Vega, part of the VF Ukraine group (Vodafone Ukraine), increased its revenue by 28% in 2024 compared to 2023, to UAH 626.5 million, the company’s press service reported.
More than half of the company’s revenue came from B2B and B2C services using modern fiber-optic technologies, amounting to UAH 345 million compared to UAH 261 million a year earlier, according to a press release issued by Vega on Tuesday.
The main sources of cash flow remain broadband Internet access services using optical technologies, IP telephony for business customers, and revenue from the sale of electronic communications services to other operators/providers, the press service reported.
Vega’s OIBDA in 2024 doubled compared to 2023, reaching UAH 21.1 million. The company’s capital investments increased by 80% to UAH 506 million. Ninety percent of customers were provided with Internet access via GPON (Gigabit Passive Optic Network) technology. The company invested in the construction of new energy-efficient networks, the reconstruction of existing ones, and the provision of alternative power sources for technical sites.
The company is not only building new Internet access zones, but also actively modernizing its network, transferring subscribers from FTTx technologies to modern GPON, according to the press release.
“In 2024, we significantly strengthened our energy resilience by installing nearly 2,000 lithium-iron phosphate batteries and over 300 new alternative power systems. Thanks to this, Vodafone Gigabit Net home internet customers can stay online for over 72 hours even during power outages,” the Vega press service quoted the company’s CEO Sergey Skripnikov as saying.
According to him, in 2025, Vega will continue to expand GPON coverage and will use this technology to connect Vodafone mobile network base stations.
“This is a step towards a unified digital infrastructure that will ensure readiness for the introduction of 5G and future technologies,” Skripnikov emphasized.
In 2024, Vega expanded its presence to seven more cities: Poltava, Chernihiv, Rivne, Lutsk, Ternopil, Zhytomyr, and Ivano-Frankivsk. It built a GPON network in 4,227 apartment buildings (470,016 households). Its customer base grew by 64%. Vega is currently present in 22 regions of Ukraine.
The company continues to provide Wi-Fi access to over 100 shelters and bomb shelters, and supports military units and government agencies with communications. In total, since the start of the full-scale Russian invasion, Vega has provided approximately UAH 4 million in aid to the country.
In 2024, Vega paid 9% more taxes than in 2023 – UAH 134.9 million.
Earlier it was reported that in 2023, Vega increased its revenue by 15% compared to 2022, to UAH 491.2 million.
In addition to Vega, VF Ukraine also owns the internet provider Freenet, which it acquired in August 2023.
