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ER-Telecom announces financial and operating results for 12 months of 2020
2 April 2021
ER-Telecom announces financial and operating results for 12 months of 2020

At the end of 2020, the company's consolidated revenue increased by 20% compared to the same period last year and reached 53,625 million rubles. OIBDA increased by 26% to 21,471 million rubles. The OIBDA margin was 40%.

Andrey Kuzyaev, President of JSC ER-Telecom Holding, commented on the results of 2020:«The economic crisis associated with the coronavirus pandemic negatively affected the growth and development of our company. Twofold growth in traffic led to significant additional investment in infrastructure. However, the developed and implemented anti-crisis action plan, thanks to high-quality and successful teamwork, allowed us to ensure the fulfillment of our obligations to our clients, and in general, go through 2020 stably».

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