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TransTeleKom targets 17% long-distance, broadband share

Russian telco plans to invest $1.7 billion in network over next two years.

Russian telecom operator ZAO TransTeleKom is seeking a 17% share of Russia's regional market for broadband access and long-distance calls by the end of 2016, the company said in a statement Wednesday.

To achieve this, TransTeleKom will invest more than 40 billion rubles ($1.70 billion), most of which will be used to buy and install equipment over the next two years, the company said.

Transtelecom, a unit of state-owned OAO Russian Railways, last year became the third operator in Russia to obtain codes enabling it to compete with incumbent OAO Rostelecom.

It has since decided that it will also compete for a share of the increasingly competitive market for Russian broadband subscribers, which is currently led by OAO Comstar United TeleSystems and Golden Telecom, a unit of OAO Vimpel Communications.

Источник: Total Telecom

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