Orange, the leader on the Romanian telecom market by turnover, recorded a profit of EUR 85.4 million last year, up 46.3% over 2015, according to data the company reported to the Finance Ministry.
The company’s profit was similar to the one recorded in 2014.
The operator had a turnover of almost EUR 1.1 billion in 2016, up 7.2% over the previous year. Orange's total debts amounted to EUR 633.9 million in 2016, up 22.3% over the previous year.
The company gained over 200,000 new subscribers last year, exceeding 5 million subscriptions for the first time. This was a record for the local mobile phone market, according to the company.
The number of Orange customers for data services through 4G technology doubled in 2016 to 2.2 million.