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April 22, 2021
BUSINESS

Consistent results for Romtelecom & COSMOTE Romania in Q1 2014

For Q1 2014, Romtelecom reported stable EBITDA as compared to Q1 2013, amounting to EUR 37.8 million. Also, net revenues were up by 7.7 percent compared to Q1 2013, amounting to EUR 156.7 million, according to a press release, quoting financial data reported to OTE Group. TV services maintained the same growth path of 7.3 percent in Q1 2014 versus Q1 2013 in terms of subscribers’ number, reaching, at the end of Q1 2014, 1.37 million. Corresponding revenues also reported a 7 percent growth. Broadband customers also continued to grow by 2.7 percent compared to the same period of last year, to 1.25 million, while its penetration as a percentage of total voice connections reached 56.2 percent. The highest revenue growth in Q1, of over 200 percent, was registered by System Solutions. The second biggest contribution to revenue increase was from wholesale, up 33 percent as compared to the same period last year.
According to the same document, in Q1 2014, COSMOTE Romania managed to further grow its business customer base by a staggering 26.5 percent, compared to Q1 2013. Total customer base (including Zapp) stood at approximately 6 million, at the end of March 2014, with the postpaid ratio increasing to 26.6 percent, up by 1.72 pp in Q1 2014 compared to Q1 2013, due to appealing offers for the residential segment. Total revenues in Q1 2014 increased by 9.2 percent on a yearly basis, amounting to EUR 118.2 million. Service revenues rose by 5.9 percent compared to Q1 2013. EBITDA rose by 9.9 percent, to EUR 26.7 million in Q1 2014 versus Q1 2013. COSMOTE Romania considerably augmented its 3G customer base by 49 percent compared to Q1 2013.

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