 |
VOOZH | about |
|
VOOZH | about |
Content |
As TAdviser found out on June 10, 2026, the tower infrastructure operator Pilar (part of the T2 group) recorded revenue growth for 2025 by 23% - from 7.28 billion rubles to 8.96 billion rubles. The operator's net profit decreased by 61%: from 2.39 billion rubles in 2024 to 0.93 billion rubles in 2025.
As follows from the reporting of Pilar for 2025, its gross profit increased by 56% and amounted to 5.92 billion rubles against 3.79 billion rubles a year earlier. Profit from sales increased by 58% - to 5.61 billion rubles against 3.54 billion rubles in 2024. Management expenses changed the sign: if in 2024 the company reflected 242.52 million rubles of expenses, then in 2025 this figure became positive and amounted to 313.54 million rubles. Business expenses in both periods were zero.
Accounts receivable (debts of counterparties to Pilar) at the end of 2025 amounted to 1.21 billion rubles, an increase of 43% compared to 840.85 million rubles at the end of 2024. Accounts payable (company debts to suppliers and contractors) increased by 24% - to 1.10 billion rubles against 892.68 million rubles a year earlier.
Long-term borrowed funds (loans and loans of Pilar with a maturity of more than one year) at the end of 2025 amounted to 11.57 billion rubles, an increase of 7 times compared to 1.62 billion rubles at the end of 2024. Short-term borrowed funds (maturing less than a year) decreased by 51% - to 278.68 million rubles against 563.62 million rubles a year earlier.
Retained earnings decreased by 86%: from 9.83 billion rubles at the end of 2024 to 1.36 billion rubles at the end of 2025. The fixed assets of Pilar (non-current assets) at the end of 2025 were estimated at 33.31 billion rubles, which is 6% higher than in 2024 (31.32 billion rubles).
As TAdviser found out in mid-March 2026, the tower infrastructure operator Pilar (part of the T2) recorded revenue of 7.28 billion rubles in 2024 . For comparison, a year earlier, the figure was 4.46 billion rubles. Thus, an increase of 63.1% was demonstrated.
The cost of sales on an annualized basis rose by 63% - from 2.14 billion rubles to 3.49 billion rubles. Commercial expenses are not reflected in the accounting documentation, while management expenses increased from 184.77 million rubles to 242.52 million rubles (plus 31.3%). Other revenues jumped 160.7%, reaching 37.24 million rubles against 14.28 million rubles a year earlier. Under the article "other expenses" there was an increase of 73.6% - from 232.96 million rubles to 404.35 million rubles.
Revenues from the sale of products, goods, works and services in 2024 amounted to 317.94 million rubles, which is 88.4% more than in the previous year (168.75 million rubles). From rental payments, license payments, royalties, commissions and other similar payments, Pilar received 7.42 billion rubles against 3.89 billion rubles a year earlier (an increase of 90.5%). Payments to suppliers (contractors) for raw materials, materials, works and services soared by 219.2% year-on-year - from 500.73 million rubles to 1.6 billion rubles. Expenses in connection with the remuneration of employees amounted to 26.97 million rubles against 4.25 million rubles in 2023 (plus 534.7%).
Gross profit rose from 2.32 billion rubles to 3.79 billion rubles - by 63.1%. At the same time, the company received 2.39 billion rubles of net profit against 1.47 billion rubles a year earlier (an increase of 62.9%). Accounts receivable as of December 31, 2024 amounted to 840.85 million rubles against 845.54 million rubles a year earlier. Accounts payable decreased by 67.8% - from 2.77 billion rubles to 892.68 million rubles.[1]
At the end of July 2023, the Russian mobile operator Tele2 announced the completion of the process of transferring its tower infrastructure to a separate company. The restructuring lasted about a year.
| Tele2 has completed the consolidation of antenna mast structures (AMS) and associated engineering infrastructure on the basis of Pilar LLC by allocating tower assets from T2 Mobile LLC. On July 31, 2023, state registration of this reorganization took place, the Tele2 press service said (quoted by TASS). |
The cellular company noted that the new asset is the largest AMC of the group of companies. It is added that the tower company will lease space for placing equipment on the towers to all market participants.
Earlier, Vedomosti wrote that Tele2 has not yet considered the possibility of creating an infrastructure joint venture with any of the other operators. Perhaps the consolidation of the infrastructure will take place at the buyer's level, one of the newspaper's interlocutors said: he explains that often investors purchase towers from several operators and then combine them into a single network in order to increase the efficiency of their use (then you can place base stations of several operators on the towers).
According to analysts, which leads Kommersant"," by July 2023 Tele2 has about 13,000 antenna-mast structures (AMS). A source close to one of the operators noted that the current loan rates "will not allow buying a tower portfolio for reasonable money" of any Russian company. Analyst Finam"" Leonid Delitsyn is not sure that now MTS Tele2 will want to completely part with the tower direction: "Rather, they can make a joint venture with any investment fund."[2]
On July 13, 2022, it became known about the restructuring launched in Tele2, in which the mobile operator allocates tower infrastructure to a separate company.
According to Kommersant, citing data from the SPARK-Interfax system, T2 RTK Holding (operating under the Tele2 brand, owned by Rostelecom) has divided its Tele2-St. Petersburg subsidiary into Tele2-St. Petersburg-1 and Tele2-St. Petersburg-02. The first part was included in Pilar LLC (also owned by T2 RTK Holding), and the second - in T2 Mobile. T2 Mobile is joined by the assets of operating subsidiaries (St. Petersburg Telecom, AKOS, APEX). And the tower infrastructure will go to Pilar.
Tele2 explained to the newspaper that the operator is conducting "reorganization to simplify the legal structure."
The fact that Rostelecom plans to allocate tower infrastructure was previously said by the president of the company, Mikhail Oseevsky. According to analysts, which leads the publication, by July 2022, Tele2 has about 13,000 antenna-mast structures (AMS).
In May 2022, Oseevsky told Interfax that Rostelecom does not plan to sell tower infrastructure in 2022-2023. He noted that for Rostelecom this is, first of all, "such a reserve that may be required in the event of some large transactions related to the acquisition or entry into capital."
An analyst at MForum Aleksei Boyko considers the allocation of Tele2's tower business to create a commodity position that "the operator can sell under certain conditions, and spend the funds received, for example, on the transition to 5G." The general director of TMT Consulting Konstantin Ankilov estimates Tele2's tower business at 60 billion rubles.
Tower business costs more in the form of an independent company than in the form of a division of the operator, says Finam analyst Leonid Delitsyn. This is due to the good predictability of the cash flows of the business, he explained.[3]
| 👁 Шестерня | The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |
