Ukrtelecom reports on its performance in military year 2023

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Alternative Telephony service by Ukrtelecom

In 2023, Ukrtelecom provided Internet access to 90% of the number of settlements covered by the operator’s network before the full-scale Russian invasion, restored communications in the de-occupied settlements, built optical infrastructure and implemented a number of strategically important projects to ensure sustainable and high-quality telecom services to the Armed Forces, government agencies, businesses and the population.

Since the beginning of the full-scale war, Ukrtelecom has been systematically supporting the Ukrainian Defense Forces as part of the Rinat Akhmetov Steel Front initiative. Over UAH 210 million of charitable aid has been allocated for defense needs.

Financial results

In 2023, Ukrtelecom’s total revenue amounted to over UAH 5 billion, down 10% year-on-year.

  • EBITDA amounted to over UAH 1 billion.
  • The EBITDA margin is 21.1%.
  • Capital investments in 2023 will amount to almost UAH 500 million.

Ukrtelecom, the largest taxpayer among fixed-line operators and providers in Ukraine, paid over UAH 1.35 billion in taxes and duties to the budgets of all levels in 2023.

Losses as a result of full-scale war

During the full-scale invasion of Russia, Ukrtelecom suffered heavy losses.

According to preliminary estimates, the company’s direct losses from destroyed buildings, lost equipment, telecommunication networks and other assets in the temporarily occupied territories amount to about UAH 700 million.

The total devastating effects of the Russian aggression on Ukrtelecom amounted to UAH 2.8 billion, mainly due to the economic impairment of operating assets.

The hostilities damaged about 260 of the company’s buildings and completely destroyed about 50.

Укртелеком відновлював понівечену кабельну каналізацію

Restoration work

To ensure the provision of services, emergency repair work is carried out wherever possible, including in frontline towns and villages and in settlements liberated from the occupiers.

In 2023, the company spent UAH 20 million to restore the infrastructure, which allowed it to restore almost 430 km of optical lines and 16 km of copper lines, and to make 10 regional communication hubs operational.

Ukrtelecom’s Internet services are available in 90% of the Ukrainian cities and towns covered by the operator’s network as of the beginning of the full-scale Russian invasion.

Development of optical infrastructure

Ukrtelecom continues to develop its optical network by investing in the development of the FTTH/P network based on GPON technology, as it is the best architecture and technology to ensure sustainable and high-quality telecommunications services, including access to the energy-independent Internet.

In 2023, almost 5.3 thousand kilometers of fiber optic cable were laid. As of the end of 2023, the company provided more than 2 million households in all regions of the country with the opportunity to use modern optical network services.

As a result of the development of the optical infrastructure, the total number of new subscribers connected to Ukrtelecom’s optical network increased by more than 15%, and the total revenue from optical services in 2023 increased by 18% year-on-year.

Over 150 medical and 185 educational institutions were connected to Ukrtelecom’s optical infrastructure. In total, more than 1250 medical and almost 1700 educational institutions have access to high-speed optical Internet.

Commercial lease

During the year, revenues from commercial lease of real estate released due to the network modernization increased by almost 35% year-on-year to over UAH 500 million.

Укртелеком передав 170 дронів українським захисникам

Help for the defenders

Ukrtelecom provides systematic support to the Ukrainian Defense Forces.

Ukrtelecom continues to help the Ukrainian Armed Forces: over UAH 210 million of charity aid has been allocated for defense needs since the full-scale invasion of Russia.

As part of the Rinat Akhmetov’s Steel Front initiative, the company has handed over dozens of UAVs, including Valkyrie and Leleka unmanned aerial systems, hundreds of drones, thousands of special command and control equipment, medical supplies, hundreds of vehicles and much more to the defenders.

Almost 400 Ukrtelecom employees are defending Ukrainian soil in the Ukrainian Armed Forces.

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