ROSTELECOM PJSC (RKMD)
ROSTELECOM PJSC: Rostelecom leads by the number of video-surveillance cameras
for B2B clients, according to TelecomDaily
12-May-2020 / 14:07 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Rostelecom leads by the number of video-surveillance cameras for B2B clients,
according to TelecomDaily
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Moscow, Russia - May 12, 2020 - Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP;
OTCQX: ROSYY), Russia's national telecommunications operator today announces
that it has been ranked first by the number of video-surveillance cameras for
B2B clients, according to TelecomDaily's market report [1] that covers
video-surveillance and cloud video-surveillance segments from 2018 to 2022.
Rostelecom's market share continued to grow from 20.9% in 2018 to 27.4% in
2019. According to TelecomDaily's forecast, the cloud video-surveillance
market will have doubled by 2022 in the number of operated cameras, as the
demand for video-analytics is growing. Within the recent year the demand has
been moving towards solutions with video analytics as the segment is becoming
the mainstream of the market.
The agency notes that the Video surveillance as a service (VSaaS) has been
enjoying higher growth rates, as the demand for such user-friendly and
flexible platforms is increasing.
Denis Ryabchenkov. Director for Corporate and Government Segments Solutions at
Rostelecom, commented: "Rostelecom's service model has been the main driver
for the Company's market success. Customers are used to 'as a service' models
in which they pay for usage, avoiding large capital expenses by purchasing
IT-infrastructure, licenses and ensuring sufficient staff out of their
operating budget when they need it. Video recordings are securely stored on
Rostelecom data-centers' servers, which provides reliability and high security
levels, are available in real time and on any device and are easy to deploy
and manage via online account".
Rostelecom's cloud video-surveillance service supports recording in dark mod
e, with sound and has flexibility of configuring video-analytics scenarios
such as movement, facial and voice recognition, and perimeter control.
Further information is available at
https://www.company.rt.ru/en/ir/news_calendar/ [2].
* * *
Rostelecom [3] is the largest digital service provider, operating in all
segments of the telecommunications market in Russia, it serves millions of
households, the state and private enterprises across the country.
Rostelecom is Russia's undisputed market leader, providing high-speed Internet
access to over 13.2 million users and pay-TV services to more than 10.4
million clients, over 5.6 million of which are subscribed to Rostelecom's IPTV
services.
In the twelve months of 2019, the Group generated RUB 337.4 billion of
revenues, RUB 106.5 billion of OIBDA (31.6% of revenue) and RUB 16.5 billion
of net income.
The Group is the leading provider of telecommunications services to government
bodies and corporates of all levels.
Rostelecom is a key strategic innovator that provides solutions in the
following fields: E-Government, cybersecurity, data-centers and cloud
computing, biometry, healthcare, education and housing & utility services.
The Group's stable financial position is confirmed by its credit ratings.
Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by
Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.
* * *
Certain statements in this press release are forward-looking statements within
the meaning of the U.S. federal securities laws and intended to be covered by
the safe harbours created thereby.
Those forward-looking statements include, but are not limited to:
? Assessment of PAO Rostelecom's (the Company) future operating and
financial results as well as forecasts of the present value of future cash
flows and related factors;
? The Company's plans to take ownership stakes in other organisations;
? the Company's anticipated capital expenditures and plans to construct and
modernize its network;
? the Company's expectations as to the growth in demand for its services,
plans relating to the expansion of the range of its services and their
pricing;
? the Company's plans with respect to improving its corporate governance
practices;
? the Company's expectations as to its position in the telecommunications
market and forecasts on the development of the market segments within which
the Company operates;
? economic outlook and industry trends;
? the Company's expectations as to the regulation of the Russian
telecommunications industry and assessment of impact of regulatory
initiatives on the Company's activity;
? other statements regarding matters that are not historical facts.
Such forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from those
expressed or implied by these forward-looking statements. These risks,
uncertainties and other factors include:
? risks relating to changes in political, economic and social conditions in
Russia as well as changes in global economic conditions;
? risks relating to Russian legislation, regulation and taxation, including
laws, regulations, decrees and decisions governing the Russian
telecommunications industry, securities industry as well as currency and
exchange controls relating to Russian entities and their official
interpretation by regulatory bodies;
? risks relating to the Company, including the achievement of the
anticipated results, levels of profitability and growth, ability to create
and meet demand for the Company's services including their promotions, and
the ability of the Company to remain competitive in a liberalized
telecommunications market;
? technological risks associated with the functioning and development of the
telecommunications infrastructure, technological innovations as well as the
convergence of technologies;
? other risks and uncertainties. For a more detailed discussion of these and
other factors, see the Company's Annual Report and the Company's other
public filings.
Many of these factors are beyond the Company's ability to control or predict.
Given these and other uncertainties, readers are cautioned not to place undue
reliance on any of the forward-looking statements contained herein or
otherwise. The Company does not undertake any obligation to release publicly
any revisions to these forward-looking statements (which are made as of the
date hereof) to reflect events or circumstances upon the annual report
publication or to reflect the occurrence of unanticipated events, except as
may be required under applicable laws.
ISIN: US7785291078
Category Code: MSCL
TIDM: RKMD
LEI Code: 2534001D752JPNM0H170
Sequence No.: 63124
EQS News ID: 1042177
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 12, 2020 07:07 ET (11:07 GMT)
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