At the same time, according to the company’s latest set of results, its share of the Moscow broadband market increased to 42%.
MTS also saw the growing adoption of its FTTH GPON connectivity, reaching nearly 2.1 million subscribers across the B2C and B2B segments.
The company’s fixed business revenues in its home market Russia decreased by 1.5% year-on-year in Q4 to R15 billion (€180 million).
The group’s total revenues in Q4 amounted to 127.1 billion (+4.1%), of which 126.2 billion (+3.9%) was in Russia.
Net profit attributable to shareholders fell by 60.8% to 5.5 billion rubles ($76 million).
“I am happy to note that in Q4 we successfully carried our momentum forward from the first nine months of the year and crossed the 2019 finish line at a solid pace. Revenue for the quarter was up 4.1% year-over-year to reach 127.1 billion rubles, driven by core mobile connectivity in Russia, as well as a positive top-line impact from MTS Bank. Group Adjusted OIBDA likewise notched up 1.0% year-over-year in Q4 to reach 51.6 billion rubles,” said MTS’s CEO and president Alexey Kornya, commenting on the results.
“Altogether, in 2019 we maintained steady growth and delivered on our full-year financial targets when adjusting for the sale of our Ukraine operations. Excluding Ukraine, annual Group revenue increased 5.5% year-over-year to 476.1 billion rubles, with notable top-line contributions from promising new segments, including financial services and systems integration. Group Adjusted OIBDA came in at 210.3 billion rubles, up 2.8% year-over-year,” he added.