At the end of 2015 the net profit Telecom Group amounted to 86.4 million UAH.
The operator increased its profit by increasing operational efficiency, expanding geographical presence and improving the quality of services.
The main vectors of development of the company in 2015 have focused on improving operational efficiency, expansion of geographical presence and improvement of quality of service and customer care. In 2015, Vega has built 212 new Internet zones on their own network of modern optical technologies. Also, the operator commands in the optimization of preparing for a major restructuring - the transition from a centralized to a branch structure.
Profit from operating activities of the operator was 8.6 million USD, compared with a loss of USD 6.6 million last year. As a result, revenues from operations amounted to 604.4 million UAH.
The size of the capital investment of the operator as a result of 12 months of 2015 amounted to 64.1 million UAH, which were aimed primarily at the development of the network.
Today Vega present in 159 settlements of 22 regions of Ukraine, serving nearly 440,000 subscribers and 156,000 telephony service users access to the Internet. During the reporting period, revenues from broadband Internet access increased by 6.5% and amounted to 126 million UAH. This comparative increase in the number of broadband subscribers in 2015 is 7% *. Revenues from fixed telephony amounted to 248 million UAH.
The company transferred 152.8 million USD in taxes and duties to the budgets of all levels.
The internal system changes, the introduction of innovative solutions which the company held in the second half of 2015 contributed to the improvement of financial results. They are allowed to overcome the negative impact of difficult social and economic situation in Ukraine and the devaluation of the national currency. Also, measures aimed at improving operational efficiency and optimization, help businesses recover from the loss of control over the assets of the company in the Crimea and the difficult working conditions in the territory of the ATO.
"This year the focus of the operator will increase the efficiency of business, the development of subscribers connecting zones using modern technologies primarily due to the modernization of the existing network and new construction. Vega plans to continue to invest in M & A projects, the development of a package of services, the most user-friendly. One of the main objectives is to increase the quality of fixed communication to provide comprehensive services to legal entities and individuals ", - says Murat Cinar, Director General Vega.
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