Shares of market leaders in commercial data storage and processing centers by number of racks, 2018, Source: TMT Consulting data, 2018. %

The information security market will continue to grow steadily as the volume of data stored in information systems, as well as the growth of data transmission in Smart Home projects, automatic systems technical process management and the Internet of things. In the period 2018–2022, the forecast CAGR for the market will be about 9%

It was created on September 23, 1993 on the basis of 20 state-owned enterprises that provided long-distance and international communication services. Until 2006, it had a monopoly on the provision of long-distance communication services. In 2013, Rostelecom was reorganized by merging Svyazinvest OJSC (formerly the majority shareholder) and 20 other companies. In 2014, Rostelecom and Tele2 created a mobile joint venture

Full title: Public Joint-Stock Company Rostelecom

Industry: Telecommunications and IT

Management: Oseevsky Mikhail Eduardovich

Story

It was created on September 23, 1993 on the basis of 20 state-owned enterprises that provided long-distance and international communication services. Until 2006, it had a monopoly on the provision of long-distance communication services. In 2013, Rostelecom was reorganized by merging Svyazinvest OJSC (formerly the majority shareholder) and 20 other companies. In 2014, Rostelecom and Tele2 created a mobile joint venture. In 2014, the company for the first time prepared a video surveillance system for operation during the Unified State Exam and founded a joint media enterprise with VGTRK - TsTV JSC. In 2015, Rostelecom approved the terms of the agreement with the Rosenergoatom concern for the construction of Russia's largest data processing center (DPC).

What does he do?

Currently it owns a telephone network covering almost the entire territory of the country (500 thousand km of trunk networks). In addition, it has direct access to 190 networks in 70 countries and contracts with 2.3 thousand telephone operators. In total, it serves about 20.5 million local telephone subscribers. It is a leader in the market of broadband access (BBA) to the Internet and pay television in Russia. Its base includes 9.3 million pay TV subscribers and 12.3 million broadband subscribers. Of these, 11.5 million are private users, 0.8 million are corporate clients. It provides free access to 2 thousand sites, including the government services portal. Staff - more than 150 thousand people. In 2013, Rostelecom was reorganized by merging Svyazinvest OJSC (formerly the majority shareholder) and 20 other companies. In 2014, Rostelecom and Tele2 created a mobile joint venture, the combined subscriber base is 38.9 million (more than 10 thousand clients in the B2B sector). In addition, a number of large national projects are being implemented: eliminating the digital divide, creating a national cloud platform, developing a Unified portal of government and municipal services(electronic government), providing video surveillance of the Unified State Exam and elections.

Financial indicators

Owners

Management

Oseevsky Mikhail Eduardovich

Job title:

Key people

Oseevsky Mikhail

Job title: President, Chairman of the Board

Since 1993, he has managed the St. Petersburg Currency Exchange CJSC and the Industrial Construction Bank in various positions. In 2003-2011 - Vice-Governor of St. Petersburg. In 2011-2012 - Deputy Minister economic development RF. From 2012 to 2017 - Deputy Chairman of the Board of VTB. In March 2017, he headed PJSC Rostelecom.

The number of subscribers and Internet users today continues to increase, so the question remains relevant: “Which operator to choose?” One of the players in the telecommunications market and a major employer is OJSC Rostelecom. What is this provider? What are employee reviews of Rostelecom?

About company

The telecommunications services market in our country is steadily developing. OJSC Rostelecom has been an interregional operator since 2006 and operates in several Russian regions. It occupies far from the last positions, but is not one of the “big three” operators. What services does the company provide?

• Local and long-distance telephone communications.
• Interactive television.
• Cellular.

Areas of activity of the company

Rostelecom carries out various tasks related to the creation and development of electronic government, ensures the functioning of elections, etc. It is a leader in the market of telecommunications services provided to Russian government agencies and corporate users. It occupies a leading position in the provision of pay television services (more than 8 million users). The company has the largest backbone network in the Russian Federation, with a total length of 500 thousand km. According to international credit ratings, the company has a stable financial position. Revenue for the 1st quarter of 2015 amounted to more than 70 billion rubles, net profit - more than two billion rubles.

Rostelecom as an employer

The company is a large employer, providing official employment, a full benefits package, stable workplace, white wages without delays. Often noted with positive side the team in which they work. Feedback from Rostelecom employees draws attention to the company’s commercial approach to solving many issues. For example, installation is carried out even with poor line parameters. The priority is to capture the market, fulfill and exceed the plan, and not personnel. They mainly recruit salespeople, while laying off other specialists. Work at Rostelecom, about which employee reviews should be studied before an interview, varies depending on the department and region.

Positive staff reviews about the company

Workers note that Lately The company has changed for the better, and positive development dynamics are outlined. The few positive reviews from Rostelecom employees reflect the following advantages of the employer:

• the work is stable, simple and clear, well organized;
• opportunity career growth in a prestigious company;
• acceptable working conditions;
• close-knit team and high;
• increase in salaries and funding after a change in leadership in a number of regions.

Negative employee reviews about Rostelecom

According to employees, the company's old qualified specialists were reduced to 90%. Large reductions have meant that new and remaining employees are forced to take on a number of responsibilities of those who were laid off, with wages the same level. Rostelecom employees reacted negatively to the policy pursued by management regarding personnel. Many reviews point out the same shortcomings of this employer.

• Incompetence of the management team.
• Unfavorable socio-psychological climate.
• Bureaucracy and red tape. Software It works very poorly; before you do anything, you need to coordinate your actions with many people. Contracts take a long time to conclude, about a month.
• High staff turnover. Lack of literacy personnel policy. They don’t retain or value good specialists.
• A small one worthy only of top managers.
• Traditional types of communication have collapsed. Outdated equipment, cables, gaskets, etc. Major repairs are not planned. The company is not able to provide quality communications even for its employees.
• Installers buy equipment and pay for gasoline at their own expense.
• They misinform applicants during interviews and clients.

Work at Rostelecom, the feedback from employees about which should make management think about the company's problems, is characterized by a heavy workload and low motivation of the staff. Many were not satisfied with the 35% bonus, depending on the loyalty of senior management, large fines up to 95%. The company's head office does not comment on employees' requests and complaints.

Customer reviews about the Rostelecom provider

It is written about the Rostelecom company great amount reviews, some of them are both positive and negative. Among the advantages of the services provided by the provider, clients highlight:

• favorable conditions and tariff prices;
• stable Wi-Fi;
• In terms of television, archive and clear images are noted.

In general, negative reviews from Rostelecom employees and consumers predominate. The predominance of negative opinions about this provider can be partly explained by the fact that, having not found understanding in the company’s support service, a disappointed client is more willing to express his dissatisfaction. Consumers of Rostelecom services note a number of shortcomings.

• Line quality, Maintenance and services at a low level.
• There is no service. Irresponsible attitude towards clients.
• Poor quality support service and technicians.
• They don't handle customer complaints.

Why are Rostelecom customers unhappy?

Many customers note very low Internet speeds, often not at all consistent with those stated in the tariffs, constant crashes, interruptions and Internet outages. The provider Rostelecom, reviews of which are mostly negative, according to many consumers, misinforms customers. Receipts for payment are sent late, and then a penalty is charged. Technical problems often arise with processing consumer payments.

Rostelecom Contact Center, which receives very contradictory reviews from employees and clients, also causes a lot of criticism. Consumers note that it is very difficult to reach technical support, support service workers do not delve into the problem and try to quickly end the conversation, do not answer questions, use the same memorized phrases during negotiations, in addition, they answer the phone at the workplace so that clients do not bother with calls.

Customers in the Moscow region left negative reviews about Rostelecom because the company did not enter into agreements with payment systems and terminals, which led to consumers incurring additional costs and experiencing inconvenience when paying for communication services. Unlike other telecom operators, Rostelecom does not activate home telephony services immediately after the payment has been processed, but only three days later.

Conclusion

A large number of negative reviews about Rostelecom are an alarming signal. Feedback from Rostelecom employees also reflects concerns that the company is falling apart. It is extremely important for a company to take into account the opinions of ordinary employees, since they are the foundation of the organization.

The Russian telecommunications market is developing. In the future, the takeover of regional operators and small providers will continue large corporations. Companies that do not meet modern requirements and cannot withstand competition will either rebuild or disappear from the market.

Main article about the company: Rostelecom

2019

Revenue growth by 5%, net profit by 10%

In February 2020, Rostelecom presented its audited financial results. The company's revenue in 2019 reached 337.42 billion rubles, an increase of 5% compared to the previous year.

The growth was largely facilitated by the provision of digital services, Rostelecom notes. Annual revenues from broadband Internet access services increased to 83.87 billion rubles from 80.04 billion rubles a year earlier. Television services brought Rostelecom 37.13 billion rubles, surpassing the result of a year ago of 34.46 billion rubles.

In the fixed telephony market in 2019, the operator earned 61.74 billion rubles. In 2018, revenue was higher and measured 69.99 billion rubles. The company earned 49.8 billion rubles from cloud and VAS services, while in 2018 these revenues amounted to 36.9 billion rubles.

The number of operator subscribers has increased in almost all sectors. The growth in the number of Internet users was 2% (13.2 million by the end of 2019), users of pay television services - by 3% (of which the number of Interactive TV subscribers increased by 6% to 5.6 million), virtual operator subscribers - 41% (up to 1.7 million). At the same time, the number of local telephone subscribers continues to decline: it fell by 10% and amounted to 15.7 million by the end of 2019.

The average revenue per subscriber of broadband Internet services reached 402 rubles, an increase of 2%. In the pay TV segment there was an increase of 2% to 255 rubles.

Among the areas that showed the greatest growth are information security (growth - 68%), data center services (50%), smart city projects (50%). In absolute terms, revenue from them amounted to 3.7 billion, 10.8 billion and 34 billion rubles, Rostelecom reported to TAdviser. The president of the company, Mikhail Oseevsky, in a conversation with TAdviser, noted that especially good results in the information security business were shown by the direction of DLP solutions, which are used by a number of large customers, including Sberbank, Russian Railways and Rosneft.

Rostelecom ended 2019 with a net profit of 16.47 billion rubles, which is 10% higher than the profit of a year ago. Net profit amounted to 4.9% of revenue versus 4.7% in 2018.

Earlier, at the end of February, Tadviser wrote about preliminary, unaudited financial results, which Mikhail Oseevsky presented at a meeting of the Federation Council. They did not differ much from the audited ones: the announced revenue was more than 335 billion rubles, profit - about 16 billion rubles. The company's OIBDA reached about 106 billion rubles, an increase of approximately 5% over the year.

Mikhail Oseevsky spoke at the 475th meeting of the Federation Council on February 26 (photo - Federation Council)

The volume of Rostelecom's investment program in 2019 amounted to 100 billion rubles, of which 70 billion is own funds companies and 30 billion in federal budget funds, Oseevsky cited data.

The President of Rostelecom at a meeting of the Federation Council recalled that the company recently acquired Tele2. Taking this into account, Rostelecom will be the largest digital company in Russia by the end of 2020 with revenue of more than 500 billion rubles, Oseevsky said.

Speaking to senators, Oseevsky noted that the company is rapidly transforming: from an operator it is turning into a provider of digital services for individuals, businesses and the state. The main direction for Rostelecom now is providing services to citizens. First of all, this is broadband Internet access (BBA). The company is investing a lot in this area, says Mikhail Oseevsky. According to his estimates, the company occupies 41% of the broadband market.

And with the acquisition of Tele 2, the company will be able to provide services cellular communication, which will complement its range of services for citizens, Rostelecom is counting on.

Rostelecom is expanding its range of services for citizens through solutions and services for the “smart home”. Every month the company installs about 20 thousand sets of such devices.

The second largest area is the provision of services to legal entities. In total, Rostelecom has more than 600 thousand clients here, including the largest Russian companies, but a special priority, according to Oseevsky, is medium and small businesses, for which there are special solutions.

Next in volume are projects for the state and partners in the operator business, in equal shares. By preliminary estimates According to management reports, interaction with telecom operators accounts for approximately 15% of Rostelecom's business.

Oseevsky emphasized that one of the growth drivers for Rostelecom is participation in the Digital Economy national program. In three of its areas the company plays an “exceptional role”: the direction of information infrastructure, where the government appointed Rostelecom as a center of competence, public administration and information security.

Among the recent infrastructure projects, Mikhail Oseevsky cited the laying of submarine cables to Sakhalin, Kamchatka, Magadan, and the Kuril Islands, and now residents of these remote territories have the opportunity to use all the same products and services as other residents of the country. And in 2021, Rostelecom will begin laying cables to Chukotka.

Other projects within the framework of the information infrastructure of the Digital Economy include eliminating the digital divide, which involves providing small settlements with Internet access.

An important area of ​​digital infrastructure are data centers, noted the President of Rostelecom: they are the brain of the digital economy. Rostelecom is the largest operator of such services, says Oseevsky: more than 25% of all information in the country is stored in Rostelecom data centers.

The company is implementing a large-scale program for the construction of data centers throughout the country, and in the near future plans to complete the construction of data centers in the capitals of federal districts, and then move on to their creation in the capitals of other federal subjects. Data today should be as close as possible to users, Oseevsky emphasized.

As for the information security sector, Mikhail Oseevsky calls Rostelecom the largest operator providing commercial services state and business in providing information security. His clients include a number of federal departments and major Russian companies. In 2019, more than 1 million attacks were repelled against clients and Rostelecom’s own infrastructure. Four information security centers were created for round-the-clock monitoring. This is the fastest growing direction of the company, said the president of Rostelecom.

Investments in the Russian OS "Aurora" have depreciated by a third

On June 19, 2019, it became known that Rostelecom had written off one third of its investments in the Russian mobile operating system Aurora. Read more.

2018: Revenue growth to 320 billion rubles

Other areas that showed the greatest growth included cloud services and additional services: it grew by 42%. A significant share of this area is made up of various data center services. Thus, revenue from Virtual Data Center/IaaS services increased by 40%.

The company's main priority, he clarified, will be the development of access in areas of mass housing development. At the end of 2018, it is planned to complete work on laying an undersea cable in the Far East and connect the Kuril Islands to the Internet.

• Revenue increased by 3% to RUB 305.3 billion. compared to 12 months of 2016;
• OIBDA increased by RUB 0.085 billion. up to 96.9 billion rubles. compared to 12 months of 2016;
• OIBDA margin amounted to 31.7% compared to 32.5% for 12 months of 2016;
• Net profit increased by 15% to RUB 14.05 billion. compared to 12 months of 2016;
• Capital investments amounted to RUB 60.8 billion. (19.9% ​​of revenue), decreasing by 2% compared to the same period in 2016 (RUB 61.9 billion and 20.8% of revenue for 12 months of 2016);
• FCF grew by 53% to RUB 20.4 billion. compared to 12 months of 2016, improving by RUB 7.1 billion.

Credit rating AA(RU), outlook “Stable”

Kai-Uwe Mehlhorn, Senior Vice President and financial director: “We believe that the assignment of this rating opens up for the company additional features to attract public debt financing, including to optimize our debt portfolio.”

2016

The Board of Directors of Rostelecom approved the agenda of the annual general meeting of shareholders in May 2017 and made recommendations on dividends based on the results of 2016. At the meeting of shareholders, it was recommended to allocate a total of 15 billion rubles for the payment of dividends on ordinary and preferred shares, which is 113% of free cash flow and 122% of the company’s net profit.

Dividends are proposed to be paid on preferred shares of type A - in the amount of 5.39 rubles per share, on ordinary shares - in the amount of 5.39 rubles per share.

The Board of Directors also determined the dates for compiling the list of persons entitled to participate in the general meeting of shareholders and to receive dividends - May 25 and July 7, 2017, respectively. The general meeting of shareholders of the company will take place on June 19.

"Dividend level proposed by the board of directors for approval general meeting shareholders, corresponds to the actual results achieved by the company in the reporting period. This year, the company proposes to significantly increase the share of distributed free cash flow, thereby demonstrating its commitment to implementing the basic principles of our dividend policy, namely, directing more than 3/4 of free cash flow to our shareholders, but in any case not less than 45 billion rubles over 3 years. without increasing the debt burden. We believe that the proposed level of 5.39 rubles per share allows us to maintain a high dividend yield and is generally within the framework of the company’s current policy,” said Rostelecom President Mikhail Oseevsky.

Revenue 297 billion rubles

• Revenue increased by RUB 91 million. up to 297.4 billion rubles;
• OIBDA decreased by 4% to RUB 96.8 billion;
• OIBDA margin was 32.5% compared to 33.9%;
• Net profit decreased by 15% to RUB 12.2 billion;
• Capital investments amounted to RUB 61.9 billion. (20.8% of revenue) decreasing by 1% compared to the same period last year (62.7 billion rubles and 21.1% of revenue for 12 months of 2015);
• FCF amounted to RUB 13.3 billion. versus RUB 22.0 billion

• The share of the Digital segment in revenue was 44%;
• Rostelecom's share in new connections at the end of 2016 in the pay TV market was about 50% and in the broadband market - more than 50%;
• The growth rate of the broadband subscriber base across optical technologies(+17%) and IPTV (+24%);
• The B2B/G segment showed revenue growth of 2.5% year on year.

Over the 12 months of 2016, operating expenses less depreciation increased by 2% compared to the same period in 2015 and amounted to RUB 202.0 billion. The dynamics were influenced by the following factors:

• an increase of 5% (RUB 2.3 billion) in costs for services of telecom operators, including due to an increase in content costs caused by an increase in the number of pay TV subscribers;
• 11% decrease (by RUB 1.7 billion) in other operating income, mainly related to the project to eliminate the digital divide; excluding reimbursement for the UCN project, the growth of other operating income amounted to 94%;
• more than a twofold increase (by RUB 2.4 billion) in profit from the disposal of fixed assets, mainly due to the closing of a transaction to create a real estate sub-fund in the form of a joint venture with Sberbank;
• significant recovery of the provision for doubtful debts in 2015;
• reduction by 1% (RUB 0.7 billion) in personnel costs, mainly due to staff optimization.

2015: Decrease in revenue, profit growth

2014: Decrease in net profit by 16% to 29.5 billion rubles

The net profit of the Russian operator Rostelecom for 2014 fell by 16.4%, from 35.3 billion to 29.5 billion rubles. This is evidenced by reporting data according to RAS (Russian standards accounting), reported in March 2015 by RBC.

In 2014, Rostelecom spent 46.1 billion rubles to repay long-term liabilities, reducing their volume to 138.9 billion rubles. Instead, short-term liabilities increased by 29.7 billion rubles, to 53.7 billion rubles.

The company's revenue increased to 290.6 billion rubles, which is 2.3% higher than last year.

2013: Decrease in all main indicators

The company predicted that in 2013 net profit could amount to 25 billion rubles, in 2014 – 40 billion rubles. The merger of Svyazinvest into Rostelecom will result in revenue growth of 1% in 2013 and 3% in 2014. Without the effect of the merger of Svyazinvest, Rostelecom predicted revenue for 2013 in the amount of 327 billion rubles, OIBDA according to forecasts the company in 2013 will amount to 120 billion rubles, and by 2016 it will increase to 150-160 billion rubles. By 2016, the company planned to increase revenue by 7%, to 407 billion rubles.

When Rostelecom published financial results for 2013 in March 2014, it turned out that the company’s revenue did not meet the forecast and decreased by 2% to 325.7 billion rubles, the OIBDA indicator ( Operating profit before interest on loans and depreciation expenses) fell by 6% to RUB 113 billion. Operating profit decreased by 17% to RUB 45 billion. Net profit decreased even more – by 27% to RUB 24 billion.

For the fourth quarter of 2013, the company's net profit decreased by 62% compared to the same period in 2012, amounting to 1 billion rubles. The company explains this by one-time write-offs made due to the revaluation of the option to buy back 2.7% of Rostelecom's own shares from Deutsche Bank and RDIF, as well as the tax effect caused by the creation of reserves for doubtful debts of Sky Link (cellular subsidiary) Rostelecom). Capital investments for the year decreased by 27% to RUB 68.5 billion.

Among the types of businesses, the worst situation was in the areas of long-distance communications and channel rental. Revenue from each of both of these areas in 2013 decreased by 17% and amounted to 17.1 billion rubles. and 9.5 billion rubles. respectively. Revenues from zonal communications continue to fall: they decreased by 13% to 17 billion rubles.

By 5% - to 38.9 billion rubles. - revenue from mobile communications. At the same time, the net loss from cellular communications for 2013 increased almost 7 times to 2.5 billion rubles. The operating loss from this area amounted to RUB 366 million. (a year earlier, operating profit amounted to 1.35 billion rubles). At this time, Rostelecom is in the process of transferring its cellular business to a joint venture with Tele2.

Most profitable business Rostelecom retains local telephone communications – 87.5 billion rubles (down 2%). The fastest growing segment is pay television: growth was 29%, revenue reached 11.7 billion rubles.

Revenue from inter-operator traffic increased by 13% to RUB 24.5 billion, and from broadband Internet access by 9% to RUB 56 billion. Cloud services grew by 10% to RUB 23 billion.

If we consider revenue by type of client, revenue from government customers decreased by 16% to RUB 45 billion, from corporate clients, on the contrary, increased by 4% to 74 billion rubles. Revenues from individuals and other telecom operators remained virtually unchanged, amounting to RUB 165 billion, respectively. and 40 billion rubles.

The number of Rostelecom fixed-line telephone subscribers continues to fall: over the year it decreased by 6% to 26.5 million. The number of broadband Internet access users, on the contrary, is growing: over the year it increased by 12% to 10.6 million. Of these 62% are connected via xDSL technologies, 38% - via FTTB. The number of cellular subscribers increased by 9% to 14.8 million (the growth was due to the Ural and Siberian regions).

The number of pay television subscribers increased by 12% to 7.5 million, of which 71% are cable television users, 29% are IPTV users.

2012: Revenue growth by 7% to 321 billion rubles

The Group's revenue for 2012 amounted to RUB 321.3 billion. and grew by 7% compared to 2011. The revenue structure changed in favor of growing segments, including, among other things, mobile communications, broadband access, and pay TV. OIBDA profitability amounted to 36.9%, reflecting the effects of the active development of the mobile business in regions where 3G+ networks were being built in the 4th quarter of 2012, an increase in the share of fast-growing, but less profitable than traditional, revenue segments, and the creation of reserves for employee compensation within 20 % optimization of administrative personnel planned for 2013. Net profit for 2012 amounted to 35.2 billion rubles. Net debt as of December 31, 2012 amounted to RUB 203.1 billion. In 2012, the total debt of Rostelecom OJSC increased by 24%, amounting to 214.4 billion rubles.

2011

Results of the year: voice telephony - 58% of revenues

Rostelecom's revenue for 2011, determined in accordance with Russian standards accounting (RAS), amounted to 296 billion rubles. Rostelecom's net profit at the end of 2011 amounted to 46.1 billion rubles, consolidated revenue amounted to 296 billion rubles.

Revenue structure:

• voice telephone services – 58% of all company revenues – more than 124 billion rubles.
• data transmission services - 23% of revenue (more than 49 billion rubles).
• cellular communication services - 5.1% (about 10 billion rubles)
• provision of communication channels for use - 4.5% (approximately 9 billion rubles).
• TV and radio broadcasting services, satellite and radio communications - 1.5% (just over 3 billion rubles).

Rostelecom's revenues from e-government more than doubled in 2011 - by 132%. This area accounts for less than 1% of its revenue structure.

Operating profitability is also growing - in 2010 it was around 5%. Rostelecom expects that the profitability of this area will be at the level of its other businesses, says the operator’s representative Kira Kiryukhina.

In terms of profitability, e-government is comparable to international and long-distance communications, a source in the company knows. For projects of this type, 20% is the usual profitability, says Sergei Matsotsky, general director of system integrator IBS. And to the founder of the system integrator Lanit, Georgy Gens, such profitability under a government contract for an IT project “seems like a fairy tale”: competition has now become more intense and the margin has decreased as a result. Apparently, the main profit in this contract for Rostelecom comes from the operator part, he suggests.

However, it is not clear how Rostelecom was able to single out from its costs those that relate specifically to e-government contracts, an employee of another integrator is surprised and considers this figure to be “paper”.

9 months: Net profit growth by 2%

Rostelecom's net profit under IFRS for 9 months of 2011 increased by 2% to RUB 29.397 billion. from 28.885 billion rubles. compared to the same period in 2010. Revenue increased by 7% to RUB 217.458 billion. from 203.287 billion rubles. OIBDA increased by 5% to RUB 85.517 billion. from RUB 81.525 billion, OIBDA margin amounted to 39.3%.

First half of the year: net profit growth 6 times

According to the DataCapital information retrieval system, Rostelecom's net profit under RAS in the first half of 2011 increased 6.23 times to 13.939 billion rubles. from 2.233 billion rubles. for the same period in 2010. Revenue increased 2.8 times to RUB 79.875 billion. from 28.467 billion rubles, sales profit - 4.91 times to 15.763 billion rubles. from 3.209 billion rubles.

2010

Reaching second place in terms of revenue in the communications industry at the end of the year

The unaudited consolidated revenue of the united Rostelecom under IFRS in 2010 amounted to 275.7 billion rubles. ($9.05 billion at the Central Bank exchange rate as of December 31, 2010).

Net profit - 40.8 billion rubles. ($1.34 billion).

This is the company’s first reporting after it was joined on April 1, 2011 by seven interregional communications companies (RTOs) and Dagsvyazinform, which were previously controlled by Svyazinvest. This reporting will become the basis for comparing the results that a single company will show in 2011, explained a Rostelecom representative.

In terms of revenue for 2010, the united Rostelecom was ahead of Megafon, which earned 215.5 billion rubles in 2010. And if we take into account only Russian operations, then Rostelecom is ahead of VimpelCom, second only to MTS, whose Russian revenue amounted to 286.4 billion rubles. Nevertheless, the combined company's OIBDA profitability turned out to be worse than that of the Big Three operators - 40.2%. For MTS's Russian operations, this figure was 43.4%, for Megafon - 45.4%, and for VimpelCom - 46.2%. Compared to the Big Three operators, the share mobile business Rostelecom’s is small, and the margins of the fixed-line business are much lower, explains Troika Dialog analyst Evgeny Golosnoy. For a company that primarily deals with fixed-line communications, 40.2% is a good profitability indicator, he believes. Moreover, tariffs for some of Rostelecom’s services are regulated by the state, Golosnoy recalls.

The united Rostelecom received 32 billion rubles from the mobile business in 2010. revenue, which is only 11.6% of the company's total revenue. The Big Three operators, on the contrary, still earn the majority of their revenue from mobile communications: for MTS in Russia this share is 82.7%, for VimpelCom - 83.6%, and for Megafon - 96.5 %.

Financial indicators for the third quarter

Revenue amounted to 15.8 billion rubles, including income from new and additional services, which increased by 16% to 5.8 billion rubles (37% of revenue compared to 32% in the third quarter of 2009);

Adjusted OIBDA (less the accrual of non-cash expenses under the long-term incentive program for employees in the amount of RUB 461 million) amounted to RUB 3.2 billion; OIBDA margin 20.3%;

Net profit, adjusted for non-cash accrual of expenses for a long-term incentive program for employees, amounted to 1.4 billion rubles.

Capital investments amounted to 2.8 billion rubles. (17.5% of revenue)

Basic financial indicators for nine months of 2010:

Revenue amounted to 45.8 billion rubles, including income from new and additional services, which increased by 10% to 16.5 billion rubles (36% of revenue compared to 31% for the nine months of 2009);

Adjusted OIBDA (less the accrual of non-cash expenses under the long-term incentive program for employees in the amount of RUB 461 million) amounted to RUB 9.0 billion; OIBDA margin increased to 19.7%;

Net profit, adjusted for the accrual of non-cash expenses under the long-term incentive program for employees, amounted to 3.3 billion rubles.

Capital investments amounted to 7.7 billion rubles. (16.9% of revenue)

The company's capitalization as of November 2010 was 120.5 billion rubles.

1st quarter: Sharp drop in revenue

In the first quarter of 2010, Rostelecom's revenue under RAS decreased by 8.2% compared to January - March 2009 to 14.1 billion rubles, the operator reported. This is the largest drop in at least five years, says Veles Capital analyst Ilya Fedotov. The reason is a decrease in income from traditional long-distance communications (in 2009, it provided 71.4% of Rostelecom's revenue). Traffic goes to the networks of cellular operators, admits an employee of the Rostelecom press service.

Until 2006, all operators were required to route long-distance and international calls through the Rostelecom network, but then other operators began to receive licenses to provide these services independently. Now there are about 20 of them, including MTS, VimpelCom and Megafon.

At first, the expansion of the Big Three was hampered by the lack of main canals. They had to be rented from Rostelecom, MTT, Transtelecom, and calls were expensive. But in 2008, VimpelCom acquired Golden Telecom with a powerful cable network, and MTS and Megafon began to build their own networks. As a result, long-distance mobile phones and calls abroad have become significantly cheaper.

2008: Revenue 66 billion, net profit - 7 billion rubles

• Revenue – 66.6 billion rubles. (2008, IFRS)
• Net profit – 7 billion rubles.