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Bucharest
November 25, 2020
BUSINESS

Telekom Romania announces stable financial performance for Q1 2015

* Customers opting for integrated offers doubled in only 3 months

 

Telekom Romania Communications and Telekom Romania Mobile Communications announce key performance indicators for the first quarter of 2015 fiscal year, ended March 31st, 2015, as reported today by OTE Group.

“Our main focus for 2015 is the development of our networks, both FTTH and 3/4G, as well as the backhaul implementation within the RoNet project. State of the art infrastructure enables us to deliver the best services to our customers, capitalizing on our top TV content and experience, speeds of up to 1Gbps for Internet users and an extended coverage for 4G users. The number of customers opting for integrated offers almost doubled in only three months, thus showing the need for unlimited communication and entertainment, through one operator, on a single invoice”, said Anastasios Tzoulas, Chief Financial Officer, Telekom Romania operations.

At the end of Q1 2015, FTTx coverage reached 23 cities and more than 1 million households footprint. On the mobile side, due to the expansion efforts, 4G coverage increased to 32.4% of the total population (urban and rural), as part of the efforts to double the 4G coverage by the end of 2015.

Regarding the backhaul infrastructure, Telekom Romania announced at the end of April that the first phase of RoNet, the project planning, has been successfully finalized and that the implementation phase will start once all necessary approvals from the Ministry of Information Society are obtained.

“Also, in line with our strategy of divesting our non-core activities, we recently launched a tender for the sale of 24 properties in 8 big cities of Romania. The amount we expect to obtain following this transaction will be invested in the core business of Telekom Romania”, Mr. Tzoulas added.

The T brand is present on the Romanian market since 2014, after the joint rebranding of Romtelecom and COSMOTE Romania.

Telekom Romania is a brand pertaining to Deutsche Telekom, one of the world’s leading integrated telecommunications companies with around 151 million mobile customers, 30 million fixed-network lines and more than 17 million broadband lines (as of December 31, 2014). The Group provides fixed network, mobile communications, Internet and IPTV products and services for consumers and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in more than 50 countries and has approximately 228,000 employees worldwide. The Group generated revenues of EUR 62.7 billion in the 2014 financial year – more than 60 percent of it outside Germany.

 

 

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