«ER-TELECOM» IS OPENING A 6,5 BLN RUBLES CREDIT LINE
26.04.2012 «ER-Telecom» is opening a 6,5 bln rubles credit line

26.04.2012. Russian telecommunications holding ER-Telecom (“Dom.ru” brand) has signed a loan facility agreement for RUB 6.5 billion for 6 years, which is the second stage of securing debt financing in the total amount of RUB 12.5 billion for the purposes of the Leadership Strategy implementation, declared in the beginning of 2010.

The loan was provided on the grounds of high rates of the company’s development, leadership in the local markets and successful attainment of the previously declared targets. Since 2009 the number of cities, where the company is operating, has increased from 17 to 42. In 2009-2011, the average annual growth rate of the company in terms of revenues totaled 44%, and for the last 5 years – 117%.

 

 

2009

2010

2011*

Revenues

RUB mn.

4,672

6,791

9,688

Homes passed

flats

3,330,910

4,328,414

6,728,841

Subscribers

Subs.

2,012,328

2,716,607

3,911,552

Number of cities of presence

 

17

25

42

*management reporting data

Owing to the Sberbank loan, ER-Telecom will implement its leadership strategy in full and will complete its development as the largest independent telecom operator in Russia with the following indicators as of the end of 2015:

 

 

2015

Revenues

RUB mn.

32,000

HOMES PASSED

flats

8,700,000

Subscribers

Subs.

8,600,000

Number of cities of presence

 

42

 

In the period from 2011 to 2015 the company expects that its revenues from the provided services will triple, and the number of subscribers will reach 8.6 million.Such high growth rates allow ER-Telecom to reach the general goal in 2015, securing a 20% share of broadband internet and cable TV market in Russia.

“Successful leadership strategy implementation is in many respects due to the fact that the company works with professional investors, and there are no changes in the management team, which retains and accumulates the necessary competencies. Close cooperation and long-term partnership relations between ER-Telecom and Sberbank allow our company to reach ambitious goals and successfully implement the Leadership strategy”, notes Andrey Semerikov, General Director of CJSC ER-Telecom Holding.

“The bank's success is impossible without the success of our customers.We are happy to develop cooperation with ER-Telecom holding and see the successful advancement of our partners towards the attainment of ambitious goals”, says Aleksandr Kamalov, First Deputy Chairman of the Zapadno-Uralsky Bank of OJSC Sberbank of Russia.


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