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Management shifts at Telekom Romania

Telekom Romania reports performance indicators for Q3 2018

 Telekom Romania group announced key performance indicators in the third quarter of 2018, ended September 30, 2018, as reported today by OTE Group.

Consolidated revenues of Telekom Romania group in Q3 2018 reached EUR 226.7 million, down by 5.3% yoy, while adjusted EBITDA amounted to EUR 41.2 million, down by 4.2% yoy.

Mobile revenues were up by 6.1% yoy to EUR 117.9 million in Q3 2018, largely reflecting higher revenues from fixed-mobile convergent offers and solid growth in mobile data, driven by the #netliberare offerings, which brought affordable mobile internet access.

The number of customers for fixed-mobile integrated offers increased by 44% in Q3 2018 compared to the corresponding quarter last year, reaching 655,547 at the end of September 2018. Corresponding revenues increased by 30.7% in the quarter.

The TV customer segment registered a slight decrease, by 1.4%, in Q3 2018, to 1.45 million TV customers, with corresponding revenues lower by 7.8% yoy. The Internet TV (IPTV) segment continued the upward trend, with customers up by 16% compared to the same quarter last year.

At the end of Q3 2018 Telekom Romania group reported 1.15 million broadband subscribers (both fixed and mobile) for the fixed line operations, down by 2.8% compared to the same quarter last year.

Voice users (including FMC) reached 2.111 million at the end of the third quarter of this year, up by 0.5% as compared to Q3 2017. Revenues generated by fixed voice decreased by 25.2% yoy.

Telekom Romania Mobile’s customer base totaled 4.6 million at the end of September 2018, down by 2.7% yoy, mainly due to elimination of inactive customers. Of the total customer base, 36% were postpaid. The total number of business customers increased by 8.8% compared to Q3 2017, reflecting the higher appeal of the company’s offers for this segment.

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