ROSTELECOM PJSC (RKMD)
Rostelecom named the leading broadband provider by number of corporate users and revenue according to the 2019 TMT Consulting rating
Moscow, Russia - May 18, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that it has been ranked the leading provider of broadband services for corporate entities by number of subscribers in Russia and revenue, according to ratings provided by TMT Consulting, an independent consulting agency (see link).
According to TMT Consulting, the number of corporate broadband Internet subscribers in Russia reached 1.84 million by the end of 2019, resulting in total corporate market volume of Rub 55.4 billion.
The agency notes that Rostelecom remains the leader in fixed broadband in the B2B segment thanks to the largest network compared to other operators and the partner of choice traditionally for government organizations - both at a federal and a local level.
The research indicates that Rostelecom occupies 42% of the broadband market for corporate entities by subscriber base and a 38% share of the market's total revenue.
Valery Ermakov, Vice President of Rostelecom's Corporate and Government business, commented: "Broadband Internet access for corporate clients and government customers is an important component of Rostelecom's business strategy. Our modern network infrastructure and improved customer experience has enabled us to develop attractive digital services that have led to significant growth in both our subscriber base and revenue in the B2B segment."
Rostelecom develops broadband access based on the highest world standards.
Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.
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Rostelecom is the largest digital service provider, operating in all segments of the telecommunications market in Russia, it serves millions of households, the state and private enterprises across the country.
Rostelecom is Russia's undisputed market leader, providing high-speed Internet access to over 13.2 million users and pay-TV services to more than 10.4 million clients, over 5.6 million of which are subscribed to Rostelecom's IPTV services.
In the twelve months of 2019, the Group generated RUB 337.4 billion of revenues, RUB 106.5 billion of OIBDA (31.6% of revenue) and RUB 16.5 billion of net income.
The Group is the leading provider of telecommunications services to government bodies and corporates of all levels.
Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centers and cloud computing, biometry, healthcare, education and housing & utility services.
The Group's stable financial position is confirmed by its credit ratings. Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.
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Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and intended to be covered by the safe harbours created thereby.
Those forward-looking statements include, but are not limited to:
Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include:
Many of these factors are beyond the Company's ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances upon the annual report publication or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.
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