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PPF Telecom Group

PPF Telecom Group consolidates PPF Group’s investments in telecommunications (CETIN Group, Yettel, and O2 Group).

PPF Group’s telecommunications division is a leading provider of telecommunications services in Central and South-eastern Europe. Its companies in the Czech Republic, Slovakia, Hungary, Bulgaria and Serbia have long invested in modern telecommunications infrastructure, which they continue to develop.

The group operates in stable markets with positive trends, supportive of sustainable business growth. They are characterised by rational competitive environment required for healthy ARPU and steady market shares.

PPF Telecom Group_eng

PPF Telecom Group companies are split into two segments: end-user services and infrastructure. PPF pioneered structural separation of commercial services, operating under O2 and Telenor brands (Yettel as of March 2022), from infrastructure owners and operators, consolidated in CETIN Group.

CETIN’s subsidiaries in the Czech Republic, Hungary, Bulgaria, and Serbia offer wholesale mobile and fixed network infrastructure services to all telecommunications companies in the market on equal terms. The commercial arm of the group provides services to end users in the consumer, corporate and public segments, under O2 and Yettel brands. Their proposition comprises mobile voice, data and text messaging, fixed broadband, multi-platform internet television, fixed voice lines and corporate data networks.

In 2021, PPF Telecom Group reported solid revenue growth, achieved with contributions from all its brands and companies. The customer base is expanding and improving in all of the group’s countries, in large part due to a long-term strategy structured around the operation of top-grade telecommunications networks and the delivery of a superior customer experience. The group’s companies report generate predictable cash flows resilient to business cycle changes and adverse global influences, which in 2021 included the COVID-19 pandemic and its economic repercussions.

PPF Telecom Group operated stateof-the-art 5G mobile networks in most markets by the end of 2021. The roll-out of 5G networks is accelerated by the sharing of expertise and resources within CETIN Group’s infrastructure division. In the years ahead, 5G services will be driving the next wave of innovation and growth.

PPF Telecom Group

Secure 5G Technology

At the turn of the year, PPF Telecom Group companies in the Czech Republic and Slovakia signed cooperation agreements with Ericsson for the construction of 5G networks and radio access network upgrades. Once they are in possession of this state-of-the-art innovative technology for the full spectrum of frequencies they use, they will be able to deliver new services to end customers, offer a wide range of applications across industries, and help to drive forward the digital economy.

Key Financials

Mobile clients  18.3 million
Revenues EUR 3.3 billion
EBITDA  EUR 1.6 billion
Assets  EUR 7.7 billion
Total equity  EUR 1.4 billion
Number of employees  12,500

“The digital economy is underpinned by high-quality telecommunications services and secure communications infrastructure for operators. We are proud to be contributing to its development in countries across Central and South-eastern Europe.”

Balesh Sharma

CEO, PPF Telecom Group

Key Financials

Balesh Sharma


PPF Telecom Group B.V.

Strawinskylaan 933
1077 XX Amsterdam
The Netherlands