Fitch affirms Rostelecom at BBB- with Stable outlook
MOSCOW, Nov 13 (PRIME) -- Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Russian state-controlled telecom operator Rostelecom at BBB- with a Stable outlook, the agency said on Friday in a statement.
УWe expect Rostelecom to maintain its market leadership in Russia, supported by continuing sizeable network investments, benign regulation and government affiliation. It has grown its market shares in key segments over the last three years, becoming a clear market leader in broadband, market share above 40% in JanuaryЦJune, and pay TV services, above 35%, by revenues while also maintaining its leadership in legacy voice telephony services,Ф Fitch said.
УIt has also grown organically and through acquisitions to lead the infrastructure-as-service, primarily cloud, segment in Russia and holds strong positions in software-as-service sub-segments such as cloud-based voice services and video surveillance.Ф
Fitch also said that Rostelecom is well positioned to grow its new digital services such as cloud-based services including video, smart city and Internet-of-Things projects, and information- security services.