Market Share of Russia Telecom Industry
The Russian telecom market is consolidated. Major players like Mobile TeleSystems and Rostelecom dominate the market. This consolidation creates stronger entities that can invest in advanced technologies and expand their service offerings, including 5G, IoT, and smart city solutions.
- May 2024: President Vladimir Putin instructed Rostelecom, a state-backed entity, to acquire Nokia's stake in the Russian joint venture, marking a significant step in Nokia's potential exit from the Russian market. The decree, issued by Putin, empowers a Rostelecom subsidiary to purchase Nokia's 49% share in the venture.
- March 2024: MTS, a Russian telecommunications operator, successfully set up its network at the Bellingshausen Russian polar station, located on King George Island in Antarctica. In a recent announcement, MTS revealed that it is deploying a 2G base station for mobile communication and an NB-IoT network for data transmission. This infrastructure empowers research and engineering teams at the station, facilitating seamless mobile communication and efficient data transmission from their research equipment.
Russia Telecom Market Leaders
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PJSC Rostelecom
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MTS
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MegaFon PJSC
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TransTeleCom (TTK)
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VolgaTelecom
*Disclaimer: Major Players sorted in no particular order
