ER Telecom

News Summary:

ER-Telecom Holding's Lartech Group began construction on August 20, 2026, for the 50 MW ERmak data center in Perm, which Group CEO Dmitry Poltorak announced will be Europe's largest. This follows the company's financial report on August 18, 2026, indicating a 10% year-on-year revenue increase to RUB 50.07 billion in the first half of 2026. During this period, consumer services revenue grew 16% to RUB 25.53 billion, and B2B revenues rose 5% to RUB 30.54 billion. OIBDA increased 16% to RUB 27.97 billion, pushing the OIBDA margin up 3 percentage points to 50%, while net profit climbed significantly to RUB 4.06 billion from RUB 119 million in the first half of 2025. Earlier, on June 2, 2026, A. Roldugin was appointed Vice President for Regional Management of ER-Telecom Holding. In the first quarter of 2026, revenues totaled RUB 27.65 billion, a 9% year-on-year increase, as reported on May 19, 2026. Net profit surged to RUB 2.58 billion from RUB 9 million a year prior, attributed to lower internet rates and a 22% rise in OIBDA to RUB 14.2 billion, with B2C revenues up 18% and B2B growth at 2%. Previously, on March 16, 2026, ER-Telecom, operating under its Dom.ru brand, started testing data caps for fixed broadband subscribers in several regions, implementing a speed reduction to 50 Mbps after monthly traffic exceeds 3 TB.