They enjoyed an improvement from 2016 to 2017, that places this company into the top 10 of Russia's telecommunications companies.
RSCC’s performance in 2016 brought the Company into the top ten of the Russia’s largest telecommunications companies, according to the rating prepared by the CNews Analytics agency. RSCC has risen by three lines of rating vs. 2015.
The Company’s revenue from the provision of services grew 23.7 percent, which at the end of 2016 amounted to 11.4 billion rubles (excluding VAT).
Yuri Prokhorov, RSCC Director General, commented that the confident growth of financial performance from year to year demonstrates not only the well-coordinated work of their team, but also the growing demand for satellite communications. Today, their Company participates in almost all government and social telecommunications projects in Russia. At the same time, RSCC is vigorously operating in all geographically accessible markets, increasing the number of international contracts, and serving customers in over 50 countries of the world.
In February 2016 the Express-AMU1 satellite was commissioned, marking the completion by RSCC of the satellite constellation upgrade program for 2009-2015. The Company has almost completely revamped its space fleet, which has more than doubled the capacity of the Russian state-owned satellite orbital group.
From 2009 to 2016, seven new spacecraft were built and put into orbit: Express-AM5, -AM6, -AM7, -AM8, AT1, -AT2 and -AMU1. In March 2016, the Government of the Russian Federation approved a new Federal Space Program for 2016-2025. The Program envisages the building and orbiting of seven geostationary satellites for RSCC, providing FSS, television and radio broadcasting, as well as mobile communications for the Office of the President and for the Government.
Also, four satellites in the highly elliptical orbit Express-RV are scheduled to be launched. The plan is to build the new GEO satellites based on extra-budgetary funds.