Other financial liabilities                              1,474       1,914 
Other current liabilities                                19,033      13,155 
Total current liabilities                                216,234     208,141 
Total liabilities                                        777,713     782,085 
Total equity and liabilities                             1,007,934   999,761

PJSC Rostelecom is the largest integrated digital services and products provider, operating in all segments of the telecommunications market in Russia. The Company serves millions of households, state and private enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed Internet access and pay-TV. The total number of broadband users stands at over 13.5 mln users, it has more than 10.8 mln pay-TV customers, over 6.1 mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a Rostelecom subsidiary, is a major player in the mobile market with the industry-leading NPS, a customer satisfaction benchmark. The joint mobile subscriber base is over 46.6 mln users.

Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centres and cloud computing, biometry, healthcare, education and housing & utility services.

During the 1q 2021, the Group generated RUB 132.0 bln of revenues, RUB 55.4 bln of OIBDA (42.0% of revenue) and RUB 11.8 bln of net income.

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. -----------------------------------------------------------------------------------------------------------------------

[1] Here and below, please refer to Attachment 1 of this statement for a full definition of OIBDA.

[2] Here and below Free Cash Flow (FCF) is calculated as net cash from operating activity minus CAPEX, plus proceeds from selling fixed assets and intangible assets, plus interest received, plus subsidy from government.

[3] International financial reporting standards.

[4] Here and below, capital expenditure ("CAPEX") comprises cash spent on fixed assets and intangible assets.

[5] Here and below, Net Debt is calculated as total debt less cash, cash equivalents and short-term investments (other financial assets).

[6] Average revenue per user

[7] Blended ARPU includes revenue from one user subscribed to a number of services simultaneously, including broadband, IPTV and digital cable TV

[8] Operator to Operator

[9] OIBDA for the last 12 months ----------------------------------------------------------------------------------------------------------------------- 


ISIN:          US7785291078 
Category Code: QRF 
TIDM:          RKMD 
LEI Code:      2534001D752JPNM0H170 
Sequence No.:  104741 
EQS News ID:   1196135 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

May 13, 2021 02:31 ET (06:31 GMT)