Rostelecom sees strong TV growth

Russian telecom operator Rostelecom reached 2.4 million IPTV subscribers at the end of June, up 4% quarter-on-quarter but a massive 29% year-on-year. 

Overall, Rostelecom had 7.7 million pay TV customers across all networks, up 1% quarter-on-quarter and up 7% year-on-year.

Pay TV contributed revenues of RUB6.959 billion (€145 million) in the first half, up 27% year-on-year, out of Rostelecom’s total consolidated revenue of RUB156.37 billion, down 2%.

The number of broadband subscribers grew 7% year-on-year to RUB10.9 million. The number of subscribers connected by fibre increased by 27% year-on-year to 4.5 million, or 41% of the subscriber base.