SCM's telecoms company Ukrtelecom earned UAH 4.3 billion ($94 million) in revenue in the first nine months of 2026, almost 13% more than a year earlier. The company laid more than 3,400 km of new fibre-optic lines, bringing its network to 96,300 km, and in September launched a new mobile operator, U Mobile. Its profit, measured as EBITDA, rose by 46% to over UAH 1.3 billion ($29 million). Ukrtelecom also paid almost UAH 1.3 billion ($28 million) in taxes and fees.
How did Ukrtelecom perform financially in 2026?
Ukrtelecom's revenue in January-September 2026 was UAH 4.3 billion ($94 million), almost 13% more than in the same period of 2025. Telecommunications services remain the main source of revenue. The company's profit grew by 46% year on year to more than UAH 1.3 billion ($29 million). This figure is EBITDA, which is earnings before interest, tax, depreciation and amortisation. Profit as a share of revenue reached 30.5%, up seven percentage points. Revenue from fibre-optic internet services increased by 12%. The company also earned almost UAH 495 million ($11 million) from renting out property that is no longer needed as its infrastructure is modernised.
How is Ukrtelecom keeping Ukrainians connected during the war?
Ukrtelecom is replacing copper lines with fibre and building new networks across Ukraine, including in frontline regions. Its GPON technology allows customers to use the internet even when there is no central power supply, as long as their equipment has backup power. By the end of September 2026, almost 1,450 medical and 2,038 educational institutions were connected to the fibre network, including 82 medical and 143 educational institutions connected since the start of the year. Fibre-optic internet is now used by 85% of Ukrtelecom's private customers and 93% of its business customers.
What is U Mobile and what does it offer?
U Mobile is a new mobile virtual network operator that began operating in Ukraine in September 2026. It is the brand of TRYMOB LLC, which is fully owned by Ukrtelecom. Its first offer, the Simka tariff range, is designed for people who use their phones mainly for the internet, messaging, video and everyday online services. Customers can also choose the Optyka+Simka package, which combines home fibre internet at up to 1 Gbit/s with mobile internet and calls, with one bill.
What does Ukrtelecom's CEO say?
Yuriy Kurmaz, CEO of Ukrtelecom, said: "Despite the challenges of wartime, we are consistently implementing our defined strategic priorities: investing in the development of our fibre-optic network and energy-independent communications, improving operational efficiency and introducing new models of cooperation that allow us to use infrastructure more effectively and expand Ukrainians' access to high-quality telecommunications services. At the same time, we are expanding product options for our customers."
Ukrtelecom is one of Ukraine's largest electronic communications operators and its leading national fixed-line operator. It has been part of SCM since 2013.
