NEWS & EVENTS: Breaking News
19.06.2009 13:33
June 19. VolgaTelecom forecasts a 11.5% rise in 2009 net profit to RUB 3.3 bn by rolling out the VAT segment, the telecom operator’s executives said on a conference call. “Over the next few years, VolgaTelecom will focus on high-yield projects most of which will aim to roll out ISP and mobile telephony services,” VolgaTelecom CEO Vladimir Rybakin said. The telecom operator’s revenue is projected to reach RUB 33.6 bn from RUB 32.1 bn and EBITDA is expected to grow to RUB 12.97 bn from RUB 12 bn, VolgaTelecom CFO Taisia Sipatova added. This year VolgaTelecom is going to expand its broadband Internet customer base to 1 mn, but the company projects a reduction in monthly revenue per user to RUB 480.00 from RUB 580.00 in 2008, as the company thinks legal entities will have to cut their telecom expenses. At the end of 2009, VolgaTelecom’s consolidated financial debt, drafted to RAS, is projected at RUB 10.9 bn and RUB 12.3 bn under IFRS. According to Sipatova, this year VolgaTelecom needs to refinance some of its liabilities.
| If you would like to share your opinion, you will need authorization! |