CAPEX of telecom operators showed a record drop since the crisis of 2008
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Capital investments of telecom operators for 2022 fell by 23.7% to a level below 350 billion rubles. This follows from the official statistics of the Ministry of Digital Transformation, published on the agency’s website. A comparable reduction in investment in infrastructure was only in the post-crisis year of 2009, when the capital expenditures of operators decreased by 36.8% to 148 billion rubles, follows from the department’s data for previous years.
At the same time, companies’ revenues from communication services, including fixed networks and mail, grew by 1.9% in 2022 to almost RUB 2 trillion. Cellular operators’ revenue grew by 1.8% to RUB 462.6 billion. Internet traffic grew by 17.7% year-on-year to 126.7 exabytes (a quintillion bytes).
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