Telekom Romania, the second-biggest telecom group on the local market in terms of revenues, recorded consolidated revenues of EUR 240 million in the third quarter of this year, down 0.8% over the same period of 2016.

The group’s operational profit (EBITDA) dropped by 18.9%, to EUR 43 million, according to the quarterly report of parent-group Deutsche Telekom. The revenues from fixed services were 3.7% lower in the third quarter of this year, at EUR 131 million, while those on the mobile segment went up by 1.9%, to EUR 109 million.

The group continued, however, to invest more than last year. Its investments reached EUR 37 million in the third quarter, up 23% over the same period of 2016.

In the first nine months of this year, Telekom had revenues of EUR 706 million, down 1.7% year-on-year, and an operating profit of EUR 119 million, 7.8% lower than in the same period of last year.

The group lost clients on the mobile, fixed voice and fixed broadband internet segments but gained clients for the TV service.

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editor@romania-insider.com