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Business    

Vodafone expects Ukraine’s 2020 cell phone network revenue to shrink
Journal Staff Report

KYIV, Nov 3 – The mobile network operator Vodafone Ukraine expects that due to lost revenue from roaming, the Ukrainian telecom market in 2020 will lose about UAH 1 billion due to COVID-19.

"According to our forecasts, only due to the lost revenue from roaming, the Ukrainian telecom market will lose up to UAH 1 billion in 2020 due to COVID-19. At the same time, this year the growth of the entire telecom market will be determined by double digits. This is linked to huge investments, which, among other things, Vodafone Ukraine has invested in the country's economy," Director General of Vodafone Ukraine Olha Ustynova said, describing the market situation in an interview with Interfax-Ukraine.




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