MegaFon’s revenue increased to 444 billion rubles at the end of 2023 – Kommersant
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Last year, the company’s revenue growth was 11%, to 444 billion rubles, according to the company’s press release for the year. Net profit increased by 43%, to RUB 39.9 billion. OIBDA increased by 13%, reaching RUB 181.2 billion. CAPEX in 2023 grew by 61.3%, to RUB 101.1 billion. The company explains this by the deal to acquire the Yota trademark for 27 billion rubles. at the end of 2022.
“The increase in MegaFon’s revenue last year was due to the growth of both of its segments: service revenue by 10.6%, which is formed through mobile communications services, fixed Internet, digital services and solutions, and revenue from sales of subscriber equipment by 15. 7% at retail and through the wholesale channel,” the press release says.
MegaFon also added that the growth factor for service revenue was the increase in income from digital business solutions, high demand for advertising, communications and cloud services, and cybersecurity services. MegaFon also increased its subscriber base by 1.9%, to 76.7 million people.
More information about the company’s activities – “Information on the phishing direct”.
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