Russian telecommunications market exceeds expectations

The value of the telecommunications services market in Russia increased by 17.3% year on year to €27.3bn in 2010, from approximately €23.2bn in 2009. The growth rate measured in local currency was lower and amounted to 10%. It should be noted that our last year forecasts concerning the telecoms market value in 2010, excluding exchange rate fluctuations, assumed the growth rate of 4 p.p. lower than the actual result.
Overall economic recovery in the country continue to be one of the main market growth drivers in 2010. The demand for telecommunications services in Russia went up after the crisis which hit the Russian economy end of 2008. In 2010, after a sharp decline in 2009, operators also increased the investments in the construction of new networks and the improvement of service quality.

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