“Rostelecom” has lost 3.5 billion rubles for Tele2

Net profit of Rostelecom in 2015 increased by 9% to RUB 14.4 bn, compared with 2014, but profit before tax fell by 18%, to 16.8 billion rubles, follows from the statements of the company.

“Rostelecom” says that lost 3.5 billion rubles because of the loss of the mobile operator “T2 RTK holding” (Tele2), in which the state owns 45%. According to statements of Rostelecom, Tele2’s loss in 2015 amounted to 7.8 billion rubles. the company Itself has not reported on the results of 2015, for the first nine months of last year, its loss amounted to RUB 4.6 billion Loss Tele2 is associated with the active run of the networks, in particular, with access to the Moscow market in October 2015, it is told in the message “Rostelecom”.

Profit of “Rostelecom” also negatively impacted by the depreciation of the ruble.

Proceeds of Rostelecom by the end of 2015 has reduced compared to 2014 of 0.5% to 297 billion rubles for the fourth quarter this indicator grew by 3%, to 81 billion rubles. the Company projected revenue growth in 2016 of 1-2%.

Revenue from TV services, “Rostelecom” has grown in 2015 by 27%, from BBA 6% of the wholesale services (rental of channels, traffic, etc) — 1%. The company’s revenue from fixed telephony decreased by 11% due to a change in user preferences “regarding the modalities of the calls,” the statement reads.

OIBDA year-on-year decreased by 2%, to 100.8 billion rubles, and the OIBDA margin was 33.9% compared with 34.3 percent a year earlier. Thus “Rostelecom” has increased capital expenditure by 17% compared with last year (up to 62,7 billion rubles).