Ukrtelecom ups DSL customer base 18% yoy in 2011

Ukrtelecom (UTLM UK) increased its DSL customer base 18% yoy (by 209,000 users) to 1.34 mln users at the end of 2011, the company said yesterday.

Ukrtelecom DSL statistics, end of year
———————————–
      Customers,ths  yoy,%    yoy,ths
———————————–
2008            513     150%      308
2009            843      64%      330
2010          1,134     35%      291
2011          1,343     18%      209
———————————–
Source: Company data

Alexander Paraschiy: Ukrtelecom remains a leader in Ukraine’s DSL market, preserving its ~40% market share. Toughening competition has led to an increase in subscriber acquisition costs: Ukrtelecom now gives out free DSL modems and up to 30% discounts on monthly fees. Though DSL is the company’s main profit driver now, we expect that profitability in the segment will be heavily affected by increasing competition in the mid-term.