Cosmote revenue down 2.6 pct and Romtelecom up 2.4 pct in first nine months

Telekom Romania Communications, formerly known as Romtelecom, reported a 2.4 percent increase to EUR 457.7 million in January-September, while Telekom Mobile, formerly known as Cosmote, posted a 2.6 percentdecline to EUR 326.8 million in the same period, writes Mediafax.

Both Romtelecom and Cosmote switched to the Telekom Brand in September.

Telekom Romania’s EBITDA profit increased 7.5 percent in the first nine months to EUR 118.4 million from EUR 110.1 million. In the third quarter, its revenues dropped by 0.9 percent year on year, from EUR 152.6 million in the same interval in 2013, to EUR 151.3 million.

“Bigger revenues from Internet and TV subscriptions limited the decline in voice subscriptions. Big IT&C projects and an increase in traffic also helped with the decline”, according to the press release.

In terms of clients, the total number of TV subscribers increased to 1.39 million, up 5.8 percent year on year; while the number of Internet subscribers stagnated (1.23 million) and the number of voice clients dropped in the first nine months of the year by 4.6 percent, from 2.27 million to 2.16 million.

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Telekom Mobile posted an EBITDA revenue of EUR 107 million in the first nine months of the year, down 7.8 percent year on year. In the third quarter, EBITDA went down 22.7 percent to EUR 25.5 million from EUR 33 million in Q3 2013.

At the end of september, Telekom Mobile had a base of 5.9 million clients, out of which 26.8 percent pay subscriptions. In the first nine months of 2014, the business client base increased 6.4 percent, while revenue from the B2B segment also went up by 12.7 percent.