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In 2023, Ucom achieved a excessive stage of steady progress in each fastened and cell communication providers.
In accordance with the five-year technique authorised final yr, the corporate’s main goal was to develop fastened and cell networks, in addition to to reinforce the standard of communications, making certain that each one residents of Armenia have entry to converged communication providers—complete packages encompassing cell communications, cell web, fastened web, and tv. Presently, greater than half of the corporate’s fixed-line subscribers make the most of converged providers, receiving all communication providers from Ucom.
Particularly, in 2023, converged communication providers turned accessible within the cities of Ijevan, Goris, Gavar, and Sevan.
The corporate’s whole revenue in 2023 amounted to 38.2 billion drams, representing a 5.5% enhance in comparison with 2022.
On the similar time, the corporate’s revenue from fixed-line communication providers in 2023 totaled 16.1 billion drams, surpassing the 2022 determine by 7.9%.
The variety of fixed-line subscribers in 2023 reached 133,713, marking a 6% enhance over 2022.
Moreover, Ucom exhibited probably the most fast progress within the variety of cell subscribers out there in 2023 in comparison with 2022, with a progress price of 9.2%. By the tip of 2023, Ucom boasted 713,151 energetic cell subscribers. The corporate’s revenue on this phase amounted to 16.1 billion drams, an 8.1% enhance over the earlier yr.
Working revenue earlier than depreciation and amortization (OIBDA) totaled 16.8 billion drams in 2023, reflecting a 6.6% enhance from 2022. The working margin was 43.8%.
Moreover, the corporate contributed 12.4 billion drams to the state price range in taxes for the yr 2023.
Technical Outcomes
As a way to modernize its networks, Ucom elevated its capital expenditures by 26% in 2023. Particularly, upgrades have been made to gear and networks, and administration techniques, safety procedures, and software program parts have been up to date.
The fastened community capability has been elevated, and changes have been applied to ensure dependable communications and expedited restoration following failures.
In Yerevan, the LTE cell community infrastructure was upgraded to extend the protection space and community capability.
Furthermore, inside the capital, the FTTH (Fiber to the Residence) optical community underwent growth and high quality enhancement.
“A yr in the past, I used to be entrusted with the administration of this firm, and through that point, we developed an bold five-year technique and improvement idea, which was accepted and authorised by the board of administrators. Over this yr, our crew has diligently labored to implement the technique. We’ve already achieved vital success; our community is increasing and enhancing day by day. We’re collaborating with globally famend corporations to make sure the technical modernization and enhancement of our community. We’ve set lofty targets for ourselves and are deeply dedicated to reaching them,” said Ralph Yirikian, Director Basic of Ucom.
Worldwide Certificates
In 2023, the corporate efficiently underwent a world certification audit and obtained a certificates of compliance with the standard administration system (QMS) ISO 9001.
Moreover, following intensive and meticulous examination alongside worldwide consultants, Ucom acquired an ISO/IEC 27001 certificates in 2023, affirming the requirements of the data safety administration system.
Human Sources
As of the tip of 2023, the corporate employed roughly 1,400 people. All year long, 396 new workers joined the corporate, whereas 195 workers acquired promotions. In whole, 220 coaching and superior coaching programs have been performed for firm workers.
Social Accountability
As a convention, Ucom continued to implement its company social accountability applications all through 2023. The corporate supplied Web communications to the Komitas Museum-Institute and numerous instructional establishments. Moreover, entry to the community was prolonged to a number of sporting and cultural occasions. Moreover, Ucom sponsored quite a few scientific and academic gatherings, together with the annual Silicon Mountains Tech Summit and the 18th Worldwide Microelectronics Olympiad.
Consistent with its environmental initiatives, the set up of photo voltaic panels was initiated within the villages of Goghtanik, Aghavnadzor, and Rind.
In 2023, help was prolonged to compatriots forcibly displaced from Artsakh. In collaboration with World Imaginative and prescient Armenia, displaced households from Artsakh residing in three areas of Armenia—Syunik, Gegharkunik, and Tavush—have been furnished with heat clothes, bedding, heaters, and different necessities. This venture acquired funding with contributions from Ucom workers.
Moreover, Ucom participated in a joint charitable endeavor with the Galaxy group of corporations and the Armenian Purple Cross. This initiative facilitated the distribution of 100 tons of humanitarian help, within the type of meals packages, to five,000 households from Artsakh.
Moreover, kids from Artsakh residing within the Tavush marz have been introduced with New 12 months items.
Future Plans
Through the presentation of the corporate’s outcomes, Mr. Yirikian additionally outlined future plans. Particularly, he highlighted agreements signed with Nokia and MediaKind, a world chief in media applied sciences and tv.
In partnership with Nokia, Ucom goals to modernize and develop its cell community, making ready it for the transition to 5G throughout Armenia. Moreover, Nokia will replace the core infrastructure of Ucom’s fastened and cell community and introduce a high-capacity IP transport community.
By means of collaboration with MediaKind, Ucom plans to introduce a technologically superior TV platform, increasing past its present IP TV community.
A digital transformation course of is scheduled to reinforce the shopper expertise for subscribers. Moreover, a brand new converged billing system will probably be chosen and applied.
Furthermore, the corporate plans to challenge bonds within the close to future.
Parallel to its technical developments, Ucom stays dedicated to its social accountability. The corporate intends to contribute to Armenia’s journey in direction of a greener future by means of its environmental tasks.
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