Deutsche Telekom’s Cosmote and Romtelecom up revenues in Romania by 7.4% in first quarter

Romanian telecom companies Cosmote and Romtelecom, both controlled by German group Deutsche Telekom via Greek OTE, posted EUR 261 million in revenues locally in the first quarter of this year, a growth of 7.4 percent year-on-year. The two companies’ profit was of EUR 66 million, up 4.8 percent against the same period of 2013. Landline telecom operator Romtelecom contributed with EUR 157 million to the turnover, up 8.3 percent, while the rest came via mobile communication via Cosmote. The latter managed to up its revenues by 9.3 percent, while Romtelecom was up by 8.3 percent. Operational profit was almost flat, at EUR 39 million for the landline segment, while operational profit for mobile communications was at EUR 26 million, a growth of 8.3 percent year-on-year. The company had 2.3 million landline numbers in Romania at the end of the quarter, slightly lower year-on-year, and 6 million mobile subscribers, slightly below the results at the end of the first quarter in 2013. The number of broadband Internet subscribers was slightly higher year-on-year, to some 1.2 million. Cosmote has 1.6 million subscribers for post – paid subscriptions, and 4.4 million of pre-paid card users. The revenue per user stagnated at EUR 5 on average, with EUR 11 for subscribers, and EUR 3 for pre-paid card users, according to Deutsche Telekom. The full report on the first quarter of 2014 is here. UPDATE: Nikolai Beckers, Chief Executive Officer Romtelecom and COSMOTE Romania: “Q1 2014 figures for both companies reflect the first results of the strategy we have put in place for this year. Namely, on the fixed segment, the company focused on increasing the penetration of TV services. This is reflected into constant customer growth rate: 7.3% in Q1 2014 versus Q1 2013. On the business segment, the turn-key solutions for large companies had significant results in Romtelecom’s revenues. On the mobile side, being fast and flexible are the main reasons for our strong outcome. In Q1 2014, on the business-to-business segment, we registered the best figures so far in terms of customer base and revenues. All these achievements prove that we are on the right track to fulfill our vision to become the number one complete operator on the Romanian market." editor@romania-insider.com