The financial crisis, which prompted companies and consumers tocut telecom services costs, and led to a decline in operators'investments in equipment and services, say representatives ofRomkatel, one of the leading telecom players, with 10 million eurosin turnover in 2009.
"Last year's trend of orders was visibly influenced by thefinancial crisis. On the one hand, mobile communications operatorsanalysed their own financial situations and decided to adjustinvestments based on the market trend. This decision also affectedtheir suppliers, which amplified the impact of the investment cut,"Costel Iordache, commercial manager of Romkatel, told ZF.
Last year the local telecom market fell to 4 billion euros, from4.6 billion euros in 2008, with mobile communications being themost affected segment, which saw Romanians spend nearly half abillion euros less. The decline continued this year, according todata supplied by operators for the first six months of theyear.
"The clients accounting for the biggest share of Romkatel'sturnover in 2010 were Vodafone and Cosmote operators," added theRomkatel official.
According to Finance Ministry data, Romkatel posted a 0.6million-euro profit in 2009 and a 10 million-euro turnover.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
