MOSCOW -- Yota company, a fast wireless Mobile WiMAX (4G) Internet services provider announces reaching the operational breakeven point.
This business result has been reached by Yota in less than 5 month after commercial operation of Mobile WiMAX network in Moscow and Saint Petersburg had been started (June 1, 2009). For Ufa network commercial operation has started on October 12, 2009. Early October the subscriber base exceeded the point of 200 thousand active users, while daily connection rate is 2000.
Overall volume of data transferred through the Yota network in all three cities in September amounted to 1848 TB. Thus, the network traffic so far is measured in petabytes, i.e. 10 raised to the power of 15.
“It took the company less than five months of network commercial operation to reach the operational breakeven point, – underlined Yota General Director Denis Sverdlov. – Our business experience may be used as a reference point for other Mobile WiMAX operators. It demonstrates that 4G broadband services business can be quite profitable”.
In September and October we registered highest subscriptions peaks: in average, over 2000 new subscribers per day. Construction and launch of networks in other cities will encourage further active client base growth. Next cities to be turned into commercial operation are Sochi and Krasnodar. Company plans to launch operation in 15 more Russian cities in 2010.
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