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Recent news07.12.2009 |
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9MendedSeptember30, 2009, RUR, mln |
9M ended September 30, 2008, RUR, mln |
Change, % |
|
|
Revenue |
12,736 |
11,956 |
6.5% |
|
|
revenue from telecom services |
12,421 |
11,649 |
6.6% |
|
|
Operating expenses (net) before depreciation |
7 981 |
7 658 |
4.2% |
|
|
OIBDA[1] |
4,755 |
4,298 |
10.6% |
|
|
OIBDA margin,% |
37.34% |
35.95% |
- |
|
|
EBITDA[2] |
4,762 |
4,320 |
10.2% |
|
|
EBITDA margin,% |
37.394% |
36.13% |
- |
|
|
Profit during the reporting period |
1,937 |
1,556 |
24.5% |
|
|
Net profitmargin, % |
15.21% |
13.01% |
- |
Composition of subsidiaries
|
Name |
Type of activity |
Share in charter capital and other participatory rights, % | |
|
September30,2009 |
December31,2008 | ||
|
Sakhatelecom |
Telecom services |
51.00 |
51.00 |
|
Akos |
Telecom services |
94.45 |
94.35 |
|
Interdaltelecom |
Telecom services |
100.00 |
100.00 |
|
WirelessInformationTechnologies |
Telecom services |
100.00 |
100.00 |
|
Network Capital (owned by Sakhatelecom) |
Technical maintenance of telecom networks |
100.00 |
100.00 |
|
Shakhtersksvyaz |
Telecom services |
100.00 |
100.00 |
Revenue breakdown
|
|
9M ended September 30, 2009, RUR, mln |
9M ended September 30, 2008, RUR, mln |
Change, % |
|
|
Localvoicetelephony |
4,804 |
4,429 |
8.5% |
|
|
Telegraphic, datacom and telematic services (Internet) |
3,509 |
2,729 |
28.6% |
|
|
Intrazonal telephony services |
1,844 |
1,984 |
(7.1%) |
|
|
Interconnect and traffic transit |
1,080 |
1,298 |
(16.8%) |
|
|
Mobile radio telephone (cellular) communication |
800 |
831 |
(3.7%) |
|
|
Mobile radio communication, wire and television broadcasting |
120 |
119 |
0.8% |
|
|
Other telecommunications services [3] |
264 |
259 |
1.9% |
|
|
Total revenue from telecommunications services |
12,421 |
11,649 |
6.6% |
Growth in revenue was driven by the following factors:
Telegraphic, datacom and telematic services (Internet)
Interactive digital television showed the fastest pace of revenue growth, soaring 71% (reaching RUR 171.2 mln in nine months ended September 30, 2009, up from RUR 100.1 mln in nine months ended September 30, 2008). Revenue growth was driven by an increase in the subscriber base, which added 35,655 subscribers (equal to 72,866 subscribers in nine months ended September 30, 2009, up from 37, 211 subscribers in nine months ended September 30, 2008. Growth in the subscriber base was attributable to aggressive rollout of services and the launch of commercial services at the Amur branch in June 2008, and at the Magadan and
As for broadband Internet access services, revenue increased by 39% (RUR 2,748.9 mln in nine months ended September 30, 2009, up from RUR 1,976.4 mln in nine months ended September 30, 2008). The main revenue driver was an increase in the company’s subscriber base. Compared with the same period in 2008, the subscriber base went up by 137,700 subscribers (including a rise of 19,342 subscribers at Sakhatelecom) and reached 407,116 subscribers. In addition, the metric “Average revenue per user” stood at RUR
Rapid growth was also seen in virtual private networks (IP VPN) (40%), which amounted to RUR 121.1 mln in nine months ended September 30, 2009, up from RUR 91.4 mln in nine months ended September 30, 2008 due to an increase in the number of access points (1,750 points in nine months ended September 30, 2009, up from 1,480 points in nine months ended September 30, 2008.
Local voice telephony
Revenue from local voice telephony increased by RUR 375 mln, which was attributable to an increase in Far East Telecom’s tariffs effective September 20, 2008 and March 1, 2009 by 11.2% and 8.7%, respectively, and a 6.3% tariff hike at Sakhatelecom effective March 1, 2009. The subscriber base of local voice users decreased by 0.4% or by 6,529 subscribers compared with the size of the subscriber base as of September 30, 2008 and stood at 1,621,497 subscribers [4].
Intrazonal telephony
Intrazonal telephony revenues decreased in 7.1% in 9M09 compared with the same period in 2008. Lower earnings were due to a decline in revenue from F2F traffic by RUR 109.5 mln or by 14% due to mobile substitution.
Mobile radio telephone (cellular) service
Revenue from the provision of cellular services dec