Pilar

Company

Telecommunications and Communications
Since 2009
Russia

Owners:
T2 (T2 Mobile, T2 RTK Holding) formerly Tele2

Content

Performance indicators
- 2024: Revenue growth by 63% to RUB 7.3 billion
History
- 2023: Completion of the process of allocating Tele2 tower assets to Pilar LLC
- 2022: Establishing a company
Notes

Revenue and Net Profit millions Ths. rub

Owners

+ Government of the Russian Federation

+ Ministry of Finance of the Russian Federation

+ Yurchenko Evgeny Valerievich

+ Vympelkom, JSC

+ Vnesheconombank

+ Deposit Insurance Agency (DIA)

Performance indicators

2024: Revenue growth by 63% to RUB 7.3 billion

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.

The T2 tower infrastructure operator Pilar completed the year with revenue growth of 63% to 7.3 billion 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]

History

2023: Completion of the process of allocating Tele2 tower assets to Pilar LLC

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).

Tele2 announced the completion of the process of transferring its tower infrastructure to a separate company

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]

2022: Establishing a company

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 allocates tower infrastructure to a new company

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]

Notes

Источник — «https://tadviser.com/index.php/Company:Pilar»

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