Acado Telecom Comcor

Services

ACADO Telecom provides the full range of communication services on the basis of its own fiber-optic network, the length of which is more than 18,000 km. ACADO Telecom's basic services are:

• high-speed Internet access,
• telephone services,
• data transmission,
• provision of digital communication channels,
• building enterprise networks,
• information protection,
• Data Center services as well as
• cable TV.

HFC Access Networks

DOCSIS 3.1

In November 2017, the COMCOR telecom operator (AKADO Telecom trademark) summed up the results of the first stage of work on transferring the HFC access network to DOCSIS 3.1. ACADO Telecom has completed laboratory testing of the equipment. The tests involved modern network and subscriber devices, amplifiers for the coaxial distribution network, measuring devices. DOCSIS 3.1 will allow the operator to market new tariffs with Internet connection speeds of up to 2Gbit/s and more in the forward channel, which corresponds to the maximum speeds of GPON technology, and up to 100Mbit/s in the reverse channel. The use of this standard will also enable ACADO Telecom to participate in large-scale business and city projects.

During testing on the coaxial distribution network, all devices demonstrated high quality of operation. Network equipment is used to simultaneously generate a digital TV signal and Internet connections. It is installed instead of the optical node of the HFC network and is connected to the TV distribution network and the IP/MPLS backbone data network. Amplifiers allow remote monitoring and control of signal parameters. Modern measuring instruments, which have also been tested in the AKADO Telecom laboratory, can be used to detect network faults in automatic and semi-automatic mode and quickly eliminate them. Subscriber devices have also been tested - DOCSIS3.1 cable WiFi routers, which are equipped with one of the best 80211AS Wave2 WiFi modules, which guarantees reliability and high Internet speed. All tested equipment is backwards compatible with previous standards, and therefore users of DOCSIS 3.0 Internet Access Services may not change existing subscriber units. All samples of equipment, both network and client, operate at frequencies up to 1.22 GHz. This ensures high quality Internet services without upgrading the cable home infrastructure.

At the second stage of the work, AKADO Telecom will install new equipment in the pilot zone in one of the districts of Moscow. The company intends to complete the full testing cycle in 2018, after which it plans to extend DOCSIS 3.1 technology to the entire network.

Performance indicators

2010

The company's revenue in 2010 amounted to 5.31 billion rubles, profit before tax - 450 million rubles, net profit - 326 million rubles.

2011

According to some estimates (October 2011), about 30% of buildings in Moscow are connected to the Comcor network. In 2010, the company's revenue amounted to 5.2 billion rubles, while the revenue of the entire Acado group, which includes Comcor, was 10.56 billion rubles. Net profit "Comcor" in 2010 amounted to 319 million rubles.

According to official data, the total number of ACADO Telecom customers in 2011 increased by 60% compared to 2010: from 89 to 142 customers. According to preliminary data, the company's revenue under state contracts executed in 2011 amounted to 352.21 million rubles (excluding VAT), which is 9% more than the totals of 2010 year, when revenue was calculated at 324.33 million rubles (excluding VAT).

The five largest clients of AKADO Telecom under state contracts executed in 2011 include: the State Order Department of the Ministry of Defense of the Russian Federation, the Federal Customs Service, the Main Directorate of Internal Affairs of the Moscow Region, the Office of the Federal Tax Service in Moscow, the Office of the Federal Service of State Registration, Cadastre and Cartography in Moscow ography.

2012

As part of the summing up of the 2012 year, OJSC COMCOR (AKADO Telecom trademark) reported an increase in revenue in the B2G segment by 35% up to 1,784,25 million rubles. (without VAT). At the same time, revenue from government contracts Moscow increased by 43%. The five largest clients of AKADO Telecom under state contracts executed in 2012 include: the Ministry of Defense of the Russian Federation, the Federal Customs Service, the Main Directorate of Internal Affairs of the Moscow Region, the Moscow City Election Commission, the Main Directorate of the Ministry of Emergencies in Moscow. Russia To Moscow

History

2020: DIT of Moscow sued 800 thousand rubles from Akado for disrupting the state contract

In October 2020, the Department of Information Technology (DIT) of Moscow sued 800 thousand rubles from Akado for disrupting the state contract. This is much less than the amount required by the department. More details here.

2018: Acado may be without Cisco technical support due to sanctions

Acado may be left without the technical support of the conditional access system that Cisco provides. According to Vedomosti, technical support may be discontinued in June due to the fact that Viktor Vekselberg and Renova, who control the operator, were on the sanctions list of the US Treasury, with whose defendants American residents should not conduct^[1] business^[2].

The conditional access system encodes a signal for transmission to the set top box and protecting the content from illegal access. Acado uses the NDS system purchased by Cisco in 2012. Despite the fact that the system will be able to work without technical support, the company risks losing customers in the event of technical failures. According to observers, a failure in the Acado system may affect about 220 thousand operator subscribers in Moscow.

See also: Foreign sanctions against Russian citizens and companies

2017: Sale "AKADO-Yekaterinburg"

In October 2017, ER-Telecom Holding JSC, the national operator of information and communication services, and ACADO Group of Companies (GC), the telecommunications holding of Renova Group of Companies, announced the completion of the transaction to acquire 100% of ACADO Group of Companies - ACADO-Yekaterinburg CJSC.

AKADO Telecom intends to focus on business development in the Moscow region, where it provides telecommunications services to corporate customers (over 7 thousand commercial organizations), state structures (more than 12 thousand objects of state structures), third-party operators (over 375 telecom operators) and subscribers - individuals (about 3 million households in the network area).

2016

Bonds "COMCOR" placed on the "Moscow Exchange"

In December, COMCOR OJSC (AKADO Telecom trademark) announced the issue of a bond loan for 3.5 billion rubles for a period of 3 years. Bonds placed on "" Moscow Stock Exchange December 28. Securities are included in the third level of the list of securities. The coupon rate is 13.25% per annum, coupon income will be paid once every six months. The offer is designed for 2 years. The organizers of the placement are the companies ",," ATON"," banks "ZENITH""" and Raiffeisen Bank"."Svyaz-BankExpoBank

Moscow Exchange assigned the issue identification number 4B02-01-16104-H-001P. On December 26, 2016, the operator collected applications for these bonds. The total volume of demand during book-building exceeded 4.8 billion rubles, re-registration amounted to 37%, after which the marketing range narrowed. Demand was noted both by institutional investors and individuals.

Borrowed funds will be used to implement key activities within the framework of the strategy. In the services segment for individual subscribers, the main direction of the strategy is the introduction of a hybrid interactive TV platform, the modernization of the communication network for the provision of services based on high-speed BTS, quality improvement and the introduction of new modern subscriber service channels. In the services segment for corporate clients and government organizations, it is planned to actively develop cloud technologies based on its own data center to provide comprehensive Iaas services, software SaaS and distribution, service model services due to the development of system integration, as well as the application of an individual approach to customers when organizing services and their subsequent support. In addition, the company has concentrated its expertise in the field of information security and intends to develop comprehensive information protection services for the financial market, large corporations and government customers.

Quality Management System Certification

OJSC COMCOR (AKADO Telecom trademark) certified the quality management system (QMS) for compliance with the requirements of GOST R ISO 9001-2015 (ISO 9001:2015). Scope of QMS "COMCOR" - provision of communication services and customer service, activity on construction and operation of communication facilities and facilities. Certification was carried out by the certification body of quality management systems of TsSSK INTERECOMS.

QMS "COMCOR" was introduced and certified in 2012 for compliance with the requirements of GOST ISO 9001-2011 standard. In September 2015, a new standard GOST R ISO 9001-2015 (ISO 9001:2015) came into force. The operator decided to conduct unscheduled certification for compliance with the requirements of the new standard. To this end, additional work was carried out to update the QMS, a program was developed and implemented to revise and adjust the QMS documentation, train employees, and internal audits of the QMS. As a result, COMCOR was successfully certified for compliance with the requirements of GOST R ISO 9001-2015 (ISO 9001:2015). As a confirmation, the operator received a certificate of a new sample.

2014: Acado Telecom received licenses to provide telecom services throughout Russia

OJSC Komor (operating under the Acado Telecom brand) received licenses in the fall of 2014 giving it the right to carry out communication services for cable broadcasting, data communication services for voice information transmission, telematic communication services (Internet), as well as data communication services (we are talking about data not related to voice information) throughout the Russian Federation. Previously, the operator could provide these services only in Moscow, the Moscow Region, St. Petersburg, the Leningrad Region and the Sverdlovsk Region.

As a result of obtaining new licenses, Acado now has a total of 9 licenses: 6 for the right to work throughout the territory of the Russian Federation (in addition to five new ones, the operator previously had a federal license for the provision of long-distance and international telephone services) and 3 for the provision of services in Moscow and the Moscow region (we are talking about extra-regional telephone communication and local telephone communication).

2011: Repurchase of a stake from the Moscow government

• On October 24, 2011, it became known that the Moscow Government put up for auction the remaining stake - 9.87% - in the telecommunications company Comcor (Acado Telecom). The seller is Electronic Moscow OJSC, which belongs to the Moscow Property Department. The auction is scheduled to be held in mid-November 2011. Taking into account 2.67% put up by the department of property of the capital for sale earlier, the city expects to receive almost 1.2 billion rubles in total. The most likely buyer of the Moscow government's stake in Komkor is Acado. The company's press services confirmed that Acado is considering the possibility of participating in the auction, but declined to comment on the stated price and other issues.

The price of one share in the lot will be 3.16 million - the same as at the previously announced auction for the sale of a 2.67 percent stake in Comcor by the Moscow government (due on November 8, 2011). After these two auctions, Moscow will completely get rid of the stake in one of the largest operators of fiber-optic communication networks, which is used by the Akado group to provide broadband Internet access and cable television services.

Analysts previously assured that the amount that the city asks for its share is overestimated. Net profit "Comcor" in 2010 amounted to 319 million rubles. That is, the ratio of the full price of Komkor, calculated on the basis of the price of the package being sold requested by the Moscow government, to the company's net profit is 29. As the analyst of the investment company TKB Capital Kirill Bakhtin noted earlier, before the August market decline, even Rostelecom had a company value/net profit ratio half that. At the same time, the analyst also drew attention to the fact that the 2.67% stake in Comcor proposed for sale is unlikely to interest other players in the telecommunications market, except for the main shareholder of the company - the Acado group.

Earlier, the FAS allowed the Cyprus offshore Akado International Limited to buy back the shares of the Moscow government and another offshore - Milroy International Invest Ltd in Comcor (they own 12.5% of the shares each). If both deals take place, Akado International Limited will consolidate a 100% stake in the operator. According to a number of industry experts, this will serve as a signal for the resumption of negotiations on the purchase of Acado by Svyazinvest, which were at an impasse, including due to Acado's lack of 100% in Comcor.

• On November 10, 2011, it became known that Akado Holding, represented by its parent structure of the Cyprus offshore Akado International, acquired a 12.6% stake in the main operator Comcor (Akado Telecom) from the Moscow government in two transactions. This was announced to CNews by the representative of the controlling shareholder of Acado of Renova holding Andrei Storkh^[3]

In particular, Acado signed an agreement to buy a 9.8% stake in Comcor from the E-Moscow company owned by the Moscow authorities, and also won an auction held by the Moscow Property Departments to sell another 2.7% of the shares. Information about the victory of Akado at the auction is also contained on the website of the Specialized State Unitary Enterprise for the Sale of Property in Moscow, while the price proposed by Akado does not differ from the starting price - 253.7 million rubles.

For what amount the stake in Comcor was bought from Electronic Moscow, Storkh does not say. However, assuming that this transaction was based on the same assessment of Comcor as in the case of the auction (9.5 billion rubles for the entire company), the Electronic Moscow package should cost 931 million rubles. Accordingly, all the shares of "Comcor" owned by the Moscow government cost Akado 1.18 billion rubles.

In 2006, AFK Sistema sold Akado an 8.4% stake in Comcor for $20 million, the entire company was valued at $238 million. At the current rate, this is 7.13 billion rubles, thus, in five years Comcor has risen in price by a third.

As a result of the transaction, Acado's stake in Comcor will grow from 74.7% to 87.3% of the shares. At the same time, in the summer of 2011, Akado International received permission from the Federal Antimonopoly Service to consolidate a 100% stake in Comcor. The remaining 12.7% of the operator's shares are now the property of Milroy International Invest, an offshore from the British Virgin Islands, and previously these shares were the property of Acado. Who owns this offshore, Storm does not say, confirming only the intention of Acado to become the sole shareholder of Comcor.

1995-2006

The Moscow Telecommunications Corporation Comcor was created in 1995 to build a fiber optic network in the capital. The founders of the company were the government of Moscow and MGTS (owned by AFK Sistema).

In 2000, Comcor co-founded the operator of pay television and Internet access Komkor-TV. By the mid-2000s, a controlling stake in Comcor was received by its first general director and former head of Electronic Moscow, Yuri Pripachkin.

In 2006, AFK Sistema sold Akado an 8.4% stake in Comcor for $20 million, the entire company was valued at $238 million.

In 2006, control over the operator passed to the Renova-Media holding (now called Acado), in which the Renova group owns 67% of the shares, and 33% of the shares of Pripachkin. Subsequently, Comcor was rebranded.

Notes