The revenue of large Russian telecom operators in 2021 may increase by 5-6% due to going beyond traditional cellular services and developing ecosystems, according to Moody’s data.

The new solutions by operators will give a boost to the market while there is no massive 5G penetration in Russia, analysts say. The expansion of the range of services will allow cellular companies to achieve annual stable growth of 3% in 2022–2023.

Almost all leading operators develop their ecosystem. MTS explains that they are creating an ecosystem based on their own products and partnerships. In addition to telecom services, Beeline provides services in the areas of fintech, AdTech, medical AI, education, etc. MegaFon adheres to the “balancing ecosystem model”, while Tele2 focuses on the main telecom business, which is developed through relevant partnerships.

The volume of the Russian telecom market in 2020 reached $24.4 billion (1.73 trillion rubles), which is 0.7% less than in 2019.

Original (in Russian)