Golden Telecom’s Q1 net profit slips 6%, revenues up 14%

8 May 2006

Russian and CIS telco Golden Telecom’s first quarter net profit slipped by 6% to USD18.8 billion compared with the same period of 2005, on revenues that rose by 14% to USD178.1 million. Operating profit for the period was USD28.2 million, up 3% year-on-year, whilst EBITDA rose 4% to USD50.8 million. Earlier, Golden reported full-year 2005 net profits of USD76.1 million, up by 17% from 2004.

Golden Telecom last week acquired 100% of Ukrainian alternative operator TTK, which provides telephony and internet services in Ivano-Frankivsk. TTK has 11,300 fixed line subscribers; Ivano-Frankivsk has a population of more than 300,000.

Ukraine, Russia,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share