Posted on Thursday 4 September 2008
Russian fixed-line telco Center Telecom, part of the state-backed Svyazinvest group, has posted a 28.9 percent year-on-year increase in net income to RUB 2.43 billion (USD 97 million) in the first six months of 2008, on revenues that increased by 3.84 percent to RUB 16.94 billion, compared to RUB 16.31 billion in the first half of 2007. Operating profit rose by 19.4 percent to RUB 4.29 billion in the six months ended 30 June 2008, whilst EBITDA improved by 13.7 percent to RUB 6.65 billion, compared to RUB 5.85 billion in 1H 2007. The company’s broadband Internet subscriber base increased by 43.9 percent in the period to 437,372 at end-June.
Center Telecom is one of Svyazinvest’s seven mega-regional operators, and is licensed to provide local, long-distance and international telephony, data transfer, internet, ISDN and wireless access services.
Center Telecom covers the Central Federal District and is Russia’s second largest fixed-line telco in terms of sales volume. It is owned by Svyazinvest (38.02 percent), other Russian companies (53.05 percent), foreign companies (0.61 percent) and individuals (8.32 percent).


