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.
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.
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).