Romtelecom & COSMOTE Romania ended 2013 with growth on key segments

Romtelecom and COSMOTE Romania announced key performance indicators for 2013 fiscal year, ended December 31, 2013, as reported by the OTE Group, a press release informs.

In the fourth quarter of 2013, Romtelecom reported revenues up by 8.8 percent compared to Q4 2012, amounting to EUR 162.7 M. Revenues for the full year 2013 were EUR 609.5 M, roughly stable compared to 2012. Also, EBITDA for Q4 2013 was up by 13.3 percent compared to Q4 2012. The biggest growth rate in revenues in Q4 2013 vs. Q4 2012 – over 470 percent – was the one registered by System Solutions (ICT), consolidating Romtelecom’s leading position on this market segment. TV recorded a 7 percent increase in the customer base, reaching over 1.3 million at the end of 2013. Broadband customer base was up by 4.5 percent for the same period, thus managing to leverage the decreasing trend of traditional voice. In terms of revenues growth rates, the one for Internet services was of 7 percent, respectively 7.4 percent for TV in the quarter. A relevant contribution to total revenues reported by Romtelecom for Q4 2013 comes from carrier services, up by 31.1 percent vs. Q4 2012, with a similar positive trend for full year, despite the negative trend generated by the Regulator-imposed termination fee reductions.

“Overall, 2013 was full of challenges and achievements, both for our fixed and mobile operations. For the fixed segment, ICT solutions delivered by Romtelecom had the most impressive growth rate. TV and Internet services contributed significantly to the company’s evolution in terms of revenues and customer base (…)”, said Nikolai Beckers, Chief Executive Officer Romtelecom and COSMOTE Romania.

COSMOTE Romania ended 2013 year with a total customer base (including Zapp) at approximately 6.1 million, with the postpaid ratio increasing to 25.9 percent, up by 1.1 percent in Q4 2013 versus the same period last year. Revenues in Q4 2013 increased by 8.1 percent on yearly basis, amounting to EUR 123 M. Overall 2013 revenues remained relatively stable, at EUR 458.5 M. EBITDA reached EUR 118.9 M.

Overall, 3G services cover almost 80 percent of the Romanian population. Also, the company offers 4G population coverage for 90 percent of the capital, alongside Otopeni, Ploiesti, Cluj, Iasi and Sinaia, Busteni, Predeal resorts and 10 district capitals: Bacau, Suceava, Botosani, Piatra Neamt, Constanta, Braila, Galati, Buzau, Satu Mare, Baia Mare.

“Looking forward, in 2014 Romtelecom and COSMOTE will enhance the fixed-mobile synergies, being the only player in the Romanian market to offer customers truly complete telecommunications and entertainment propositions”, concluded Nikolai Beckers, Chief Executive Officer Romtelecom and COSMOTE Romania.

At end of 2013, mobile operations of the OTE Group provided telecommunications services to approximately 15.6 million customers in SE Europe.


Leave a Reply