Ukrainian mobile operator says rebuilding will cost more than $50 million

17 May, 06:14 PM
Less than 10% of Vodafone Ukraine’s network is nonfunctional (Photo:Fabrizio Bensch / Reuters)

Less than 10% of Vodafone Ukraine’s network is nonfunctional (Photo:Fabrizio Bensch / Reuters)

Mobile operator Vodafone Ukraine says rebuilding telecommunications infra-structure, damaged by the Russian invasion of Ukraine, will cost the company more than UAH 1.5 billion ($50 million), Vodafone Ukraine CEO Olha Ustynova said in interview with Liga.net, published on May 16.

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Additionally, Vodafone Ukraine lost around 400,000 subscribers, who left Ukraine in March, and have provided free services worth UAH 560 million ($19 million).

According to Ustynova, the invaders' attacks on telecom infrastructure were often deliberate. In particular, Russian military shelled base stations and blew up power cables with grenades.

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Currently, less than 10% of the company's network is non-functional.

In January-March 2022, Vodafone Ukraine reduced its net profit by 42% to UAH 515 million. ($17.4 million) At the same time, the operator's revenues increased by 10% to almost UAH 5.2 billion ($176 million).

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