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March 28, 2023

Romtelecom: The main goal – stabilising the incomes and profit

The new CEO of Romtelecom, Stefanos Theocharopoulos said yesterday that his main goal in the new position is to stabilise incomes and the operation profit.

“Romtelecom has a high growth potential, it can bring added value to its shareholders (Greek group OTE and the Ministry of Communications). I want to stabilise the company’s incomes and operational profit. We will also continue to invest in the infrastructure of the company. Actually, the investments made by the Hellenic group in its Romanian subsidiaries already reached EUR 3 bln,” Theocharopoulos said, quoted by Mediafax. As of Monday, the TV, internet and voice services provided by Romtelecom to new and existing individual customers are available in packages that may result in saving up to 33 pc from the total invoice, reads a press release. As of yesterday, Romtelecom customers can watch the History TV channel, which became available in the DTH, and IPTV Extra and Maxim plans. Theocharopoulos became CEO of the national landline telephony operator in July, replacing Yorgos Ioannidis, whose 4-year term in office ended earlier this summer. Theocharopoulos also coordinates, since January 2008, the activity of mobile telephony operator Cosmote Romania. Asked whether Romtelecom plans more layoffs, Theocharopoulos said this process is not a target in itself, and was the consequence of a situation and of financial results that should have been improved in order to keep the company profitable and preserve the quality of services provided to customers.

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