Ukrtelecom in 2023: revenues over UAH 5 billion and almost 11,000 km of fiber laid (2022-2023)

«Ukrtelecom» reported for 2023 and announced further investments in the development of the FTTH/P network using GPON technology. We have selected the main points from the report of one of the largest Ukrainian fixed-line Internet providers.

The main figures

• «Ukrtelecom» in 2023, the company generated revenues of over UAH 5 billion — 10% less than in 2022 (UAH 5.6 billion). EBITDA Operating profit before interest, taxes, depreciation and amortization — over UAH 1 billion (vs. UAH 975 million in 2012). At the same time, the EBITDA margin increased from 23.3% to 28% for the year.
• EBITDA — more than UAH 1 billion compared to more than UAH 1.2 billion in 2022. The EBITDA margin also slightly decreased from 22.4% to 21.1% for the year.
• Capital investments in 2023 amounted to almost UAH 500 million — compared to more than UAH 530 million in 2022.
• Revenues from commercial lease of real estate freed up by the network modernization increased by almost 35% by 2022 — and reached over UAH 500 million.
• During the year, Ukrtelecom paid over UAH 1.35 billion in taxes and duties to the budgets of all levels and has donated over UAH 210 million to the Ukrainian Armed Forces since the beginning of the invasion (almost 400 Ukrtelecom employees are currently defending Ukrainian soil).
• the Russians destroyed/damaged about 260 buildings, equipment and other infrastructure, causing losses of UAH 700 million (preliminary estimate). The total destructive impact of the Russian aggression on Ukrtelecom amounts to UAH 2.8 billion, which is mainly due to the economic impairment of operating assets.

Reconnecting and developing «optics»

• «Ukrtelecom» provides Internet services in almost 90% of Ukrainian settlements covered by the operator’s network as of the beginning of the full-scale Russian invasion.
• In 2023, the company allocated 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 restore the operation of 10 regional communication hubs.
• In 2023, Ukrtelecom «» specialists laid almost 5.3 thousand km of fiber optic cable — 11 thousand km of optical lines during the full-scale war. By the end of 2023, more than 2 million households in all regions of the country were able to connect to high-speed optical Internet.
• In 2023, «Ukrtelecom» increased the number of «optical subscribers by another 15% (somewhere up to more than 340-350 thousand.), which resulted in an 18% increase in revenues in this segment. Over the year, Ukrtelecom connected more than 150 medical and 185 educational institutions to its optical infrastructure, bringing the total number of such institutions to over 1250 and almost 1700 across Ukraine.