Romtelecom revenues fall 11.1%, but operator rises on TV and internet
Romtelecom, no. 1 on the fixed telephony market and one of the
biggest providers of TV and internet services on the Romanian
market, posted 178.7 million euros in revenues in the second
quarter of the year, down 11.1% on the similar period of last year,
amid the difficult economic situation, which affected
consumption.
The company's EBITDA was down by 59.7%, to 24.4 million euros. The
operating result (EBIT) amounted to a 41.5 million-euro loss, after
a 1.5 million-euro loss in the second quarter of last year.
The company however had 10 million euros in supplementary revenues
from other sources than telecommunications operations, such as rent
and penalties, so Romtelecom's overall revenues fell by around 9%
in the second quarter against the similar time last year. The
number of subscribers to Romtelecom services rose to 4.5 million,
with the increases recorded by broadband internet and television
services offsetting the decline of the fixed telephony segment,
according to the company.