Please install Adobe Flash Player.

Consulting services

  • Market entry strategy
  • Business plan development
  • Strategy audit
  • Competitive intelligence
  • Product evaluation
  • Due diligence
  • Distributor / agent search

Research services

  • Market studies analysis / sizing and trends
  • Customer service / satisfaction surveys
  • Competitive positioning intelligence
  • Brand tracking
  • Advertising effectiveness research
  • Pricing research


  • National operators
  • International operators
  • Telecom vendors
  • Incumbents
  • New entrants
  • Governments

Akado boosts revenue 4% in the first quarter of 2011


MOSCOW. May 10 (Interfax) - The Akado telecommunications group saw revenue in the first quarter of 2011 increase 4% year-on-year to 2.497 billion rubles, the company said in a press release, citing preliminary data.

EBITDA increased 12% to 762.186 million rubles. The EBITDA margin was 30.5%, up from 28.4% in the same quarter last year.

"Based on the preliminary results for the first quarter of 2011, we expect the positive trend to continue throughout the year," Akado board chairman Vladimir Kremer is quoted in the press release as saying.

Akado boosted revenue 19% to 10.561 billion rubles in 2010, according to audited results. EBITDA was up 64% to 3.66 billion rubles and the EBITDA margin was 34.7%, up from 25.2%.

Akado, formerly Renova Media, provides cable television, broadband Internet and telephone service to corporate and residential customers using a fiber-optic cable network. Akado includes Akado-Stolitsa and Komkor as well as assets in St. Petersburg, Yekaterinburg and Minsk.

Akado International Ltd is owned 100% by Bahama-registered Renova Media Enterprises Ltd, which in turn is owned by Viktor Vekselberg's Renova Industries Ltd and Yury Pripachkin's CMCR Management Ltd.

Latest News

30 May 2017

ChronoPay looks to kickstart bitcoin adoption in Russia

St.-Petersburg, May 30 ( & CCN) ChronoPay, one of Russia’s oldest online payments providers, is including bitcoin to its payment gateway, enabling all of its clients to accept the...
12 May 2017

Russia’s largest online retailer will accept Bitcoin despite Central Bank slapdown

St.-Petersburg, May 12 (Сryptocompare) Russian e-commerce giant Ulmart is planning to start accepting bitcoin as a method of payment from 1 September, 2017. The online retailer was considering accepting...
23 December 2016

MegaFon to buy stake for $740 million from Usmanov

MOSCOW, Dec 23 (Bloomberg) Alisher Usmanov and his partners are set to pocket $740 million from moving a stake in internet company Group Ltd. to MegaFon PJSC, as the Russian billionaire consolidates...
20 December 2016

Deloitte says 7% Russian cell clients change operators in H1

MOSCOW, Dec 20 (PRIME) -- About 7% of Russian mobile subscribers changed their operators in January–June as compared to 4–5% of users who switched to other operators within six months in several...
Joomla Templates and Joomla Extensions by JoomlaVision.Com