Vega performance 2018: UAH 641 million of net income and innovative technologies development

Vega performance 2018: UAH 641 million of net income and innovative technologies development

22.02.2019

Vega national telecommunications operator has reviewed its 2018 financial performance. The company’s revenue made UAH 641.3 million, up by 4% year on year, and EBITDA reached UAH 164.9 million, almost twice as much as in 2017 (UAH 110.7 million).  

Last year, Vega increased ARPU (average revenue per user) by 20% (in particular, due to the Internet using the FTTx connection technology by 28%).

In addition, the company worked to expand the range of services based on innovative digital technologies for households and corporate sector, which helped boost the number of customers using VoIP technology (voice over IP) by more than 10%.

The growth of key financial indicators in 2018 came from the successful implementation of large-scale business projects. Thus, Vega’s Virtual PBX was one-of-a-kind solution for the B2B sector, which can significantly increase clients’ business efficiency thanks to its intellectual functions.

In addition, Vega was granted the status of a virtual mobile operator as it launched a comprehensive service for subscribers that comprises four components: cable Internet, IP-telephony, IP-TV and mobile Internet.

“Last year, our strategic focus was on switching to modern services,” said Vega CEO Murat Cinar. “In 2019, we will continue to upgrade our networks by replacing copper with optics and digitise our business by introducing new services based on digital technologies. Digital Screens is an asset with a strong digital platform for TV content processing and distribution. By managing it on a daily basis we have a lot of new opportunities.”

In 2018, Vega’s capital investments made UAH 97.4 million. 

The company paid UAH 144 million in taxes and levies, up by 23% year on year.

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