12 C
Bucharest
October 22, 2021
BUSINESS

COSMOTE sustained a steady, positive financial performance

In Q3 2010, COSMOTE sustained a steady, positive financial performance, with enhanced EBITDA and revenues, despite Romania’s pressing economic environment, aggressive competition and market maturity, a press release reports. COSMOTE’s total customer base in Romania reached 6.7 million (excluding Zapp) at the end of September 2010, of which 20.1% was postpaid. The constant increase in the postpaid customer base, especially in the business segment, generated significant revenue growth. The number of prepaid customers also rose despite fierce competition in this segment. In the quarter, service revenues were up by 3.4%, with outgoing service revenues alone posting an increase of approximately 2.0%. Total revenues in Q3 2010 reached EUR 117.5 M, posting a 8.5% increase on a yearly basis, while EBITDA rose to EUR 23.3 M, an increase of 24.6% versus Q2 2010, showing significant operating improvements following the successful integration of Zapp.

Related posts

GfK Temax: Value of Romanian market of durable goods reaches EUR 420 M in Q2

Nine O' Clock

Changes in the management structure of Telekom Romania group

Nine O' Clock

Terminating the contract with Bechtel – a matter of days