Wednesday , July 28 2021

Telecom Romania announces revenues and declining profits third quarter due to the decline in fixed telephony | Economica.net



Romtelecom's past as a national telephone monopoly continues to haunt the Telekom Romania group, controlled by German Germans from Deutsche Telekom through the Greek company Cosmote. The operator, which still has a consistent share in the Romanian state, reported a 5.3% decline in revenue for the third quarter of this year, compared with the same period last year, to EUR 227 million over time EBITDA (before interest, tax, depreciation) decreased by 4.2% to 41 million euros.

In the first nine months, Telecom reduced Romania's revenues by 2.1% to 691 million, while EBITDA dropped 5.8% to 112 million.

Declines were due to lower revenues from the fixed line industry, while revenues from mobile communications and business services have developed favorably according to the company.

Revenues from mobile communications increased by 6.1% in the third quarter compared to the same quarter last year to 117.9 million, which largely reflects higher revenues from converged fixed to mobile bids and growth in data segment mobile, supported by unlimited mobile network deals, according to a Telekom release.

The number of mobile service customers increased by approximately 44,000 since the beginning of the year and amounted to 5,302 million at the end of September. The number of subscribers fell by 93,000 to 1 772 million on the fixed network. The company also recorded a somewhat negative trend in broadband services, where the customer base fell to 1 108 million compared with 1.134 million at the end of last year.

The number of customers with fixed mobile integrated services increased by 44% in the third quarter compared to the same period last year and amounted to 655 547 at the end of September 2018 and the corresponding revenue increased by 30.7%, Telekom Romania.

The TV service segment decreased slightly, 1.4% to 1.45 million, with corresponding decreases of 7.8% from one year to the next. On the other hand, the number of Internet TV customers (IPTV) increased by 16%.

Telecom Romania Group consists of Telecom Romania Communications (formerly Romtelecom), where the Romanian state still owns 46% of the shares and Telecom Romania Mobile Communications (formerly Cosmote Romania).

Telecom Romania Mobile had 4.6 million customers at the end of September, a decrease of 2.7%, mainly as a result of inactive SIM cards being removed. Of the total number of customers, 36% have subscriptions and remaining prepaid cards.

In the business segment, the customer base increased by 8.8% in the third quarter, allowing Telecom's representatives.


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