Tuesday, November 12 2019 09:58
Alina Hovhannisyan

The communications sector, by October 2019, accelerated annual  revenue growth

The communications sector, by October 2019, accelerated annual  revenue growth

ArmInfo. Revenues of the communication sphere of Armenia by October 1, 2019 reached 109.4 billion drams, with annual growth of 1.3%, against 0.8% growth a year  earlier. According to the RA Statistics Committee, the improvement in  dynamics was triggered by an increase in the segment of the creation  and broadcasting of television and radio programs by 83.7% and 3.3%,  respectively. Whereas, dominating in the communications sector  (90.5%), the telecommunications segment showed a decline of 2.6%  (against growth of 0.6% a year earlier), with revenue of 99 billion  drams.

According to statistical data, only for September 2019. the total  revenue of the communications sector decreased by 2.8% to 12.3  billion drams. Moreover, the telecommunications segment reduced  revenue for September by 3.2% to 11.1 billion drams.

As a comparison, we note that in January-September 2018. Revenues of  the communications sector of Armenia amounted to 108.3 billion drams,  of which 101.8 billion drams accounted for the telecommunications  segment.