ER-Telecom grows TV base

Russian service provider ER-Telecom had 1.747 million TV subscribers at the end of last year, up 43% compared with 2010.

Broadband internet customers numbered 1.899 million, up 39%, while fixed-line phone subscribers numbered 265,000, up 98%. ER-Telecom made a number of significant acquisitions in the course of the year.

Revenue from TV services amounted to RUB2.868 billion (€72 million), while broadband revenues amounted to RUB6.166 billion.

Overall revenues were RUB9.688 billion, up 43%. The company has set a target of winning a 20% share of the country’s internet and pay TV business by 2014. ER-Telecom envisages further investments to the amount of US$500 million (€381 million) to help it reach this target.

ER-Telecom’s customers base at the end of the year was 3.9 million.