OREANDA-NEWS.: Fitch Ratings has published the presentation "Russian and CIS Telecom Market: Development Amid Challenging Macroeconomic Environment".

The publication explores the key issues and trends affecting credit profiles of telecom operators. The harsh macroeconomic environment in Russia and rapid devaluation of the rouble have led to moderate debt increases, growth in cost of new borrowings, decline in profitability and capex pressures. The companies have been able to respond promptly to these challenges, implementing cost-cutting measures, securing additional liquidity from Russian banks and optimising investment plans.

The publication includes the following sections:
-Mobile segment: Operational and financial strategy of telecom operators amid economic downturn. Prospects for mobile players' consolidation
-Fixed-line: Bridging digital divide and its influence on the competition. Pay TV as a source of revenue in the broadband segment
-Corporate governance

The presentation is available at www.fitchratings.com.