Russian Towers’ revenue rises 35% to some 3 bln rbl in 2018

MOSCOW, Mar 20 (PRIME) -- Revenue of telecom infrastructure operator Russian Towers increased 35% in 2018, President Alexander Chub told reporters on Wednesday without disclosing absolute figures.

Revenue amounted to 2.55 billion rubles in 2017, meaning the 2018 revenue rose to above 3 billion rubles.

Russian Towers said 91% of revenue came from the country’s four leading mobile operators: MTS, MegaFon, VimpelCom, and T2 RTK Holding.

The company had more than 4,000 units of infrastructure in 60 regions as compared to 3,200 in 55 regions in 2017. The share of urban infrastructure in the company’s portfolio rose to 56% in 2018 from 46% in 2017.

Russian Towers expects its revenue to ascend 25% in 2019.

(64.3167 rubles – U.S. $1)

End