Russian telco Rostelecom grew its pay TV subscriber base to 5.5 million at the end of the first quarter, up over 600% year-on-year thanks to the addition of 4.6 million subscribers from cable operator NTC, which it acquired in February.
Rostelecoms broadband base grew by 33% year-on-year to 7.4 million, while mobile subscribers fell from 15.2 million to 12.4 million thanks in part to the introduction of a new churn policy.
RostelecomÂs revenues for the quarter were RUB72.4 billion (Â1.8 billion), up 8%, with net income growing 6% to RUB10.6 billion.
The figures include the earnings of the regional telcos merged into the company from state holding company Svyazinvest Â North-West Telecom, CenterTelecom, Southern Telecommunications, VolgaTelecom, Uralsvyazinform, Sibirtelecom and Far East Telecom Â just after the end of the quarter.
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