Comstar-UTS said it saw subscriptions in its Moscow market drop some 13 percent in the third quarter from a year ago, and also said that subscribers also were down 8 percent compared to the previous quarter. Of course, the Moscow market is the most competitive in the nation, and most of the Comstar-UTS losses came via declines in its triple-play deals, which also showed a declining ARPU. Double-play subscribers increased 7 percent yer-over-year.
The company said it also lost 2 percent of its subscriber base in the Russian regions.
The Russian fixed-line operator said net profit year-over-year more than doubled for the nine-months ending in September, shooting to $153 million GAAP, the company said. Revenue rose 7 percent to $1.23 billion during the period.
"We are launching a number of convergent service offerings and customer services solutions in both Moscow and the regions," said President and CEO Sergey Pridantsev. "We remain focused on the execution of our strategy and successfully completed the restructuring of our ownership in Svyazinvest during the third quarter by selling our stake to Rostelecom. The cash proceeds of the sale were used to repay our debt to Sberbank and we are now in a net cash position."
Oh, and "cord cutting" in Russian? "Pаскроя."
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