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MENAFN - 21/11/2012

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(MENAFN) Russian telecoms operator Rostelecom reported a 8 percent increase in quarterly profits compared to a year ago, Reuters reported.

The state-controlled firm said it made USD316 million net profit during the third quarter, on the back of a 2 percent increase in quarterly revenue to USD2.45 billion.

Operating profit before depreciation and amortisation fell 2 percent to USD936.98 million in the quarter.

Rostelecom plans to increase investments in its mobile, broadband and pay-TV to businesses to make up for losses in core fixed-line business.

 






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