GTS Telecom revenues in Romania remain stable in 2011, at over EUR 23mln

Alternative telecom provider GTS Telecom, part of GTS Central Europe, posted revenues of EUR 23.5 million in Romania, at a similar level to the financial indicators reported in 2010.

Earnings before taxes, interest, depreciation and amortization (EBITDA) amounted to EUR 4.6 million.

“Despite an unfavorable economic environment against Romania and the CEE region, GTS Telecom revenues remained stable at over EUR 23 million, similar to 2010. Our focus on customer support, investments in expanding and optimizing our network and the expansion of our service offerings formed the basis for our solid financial results” said Michael Rees (in picture), who was appointed managing director of GTS Telecom on November 1st, 2011.

After launching Virtual Servers in 2011, GTS will continue to expand its datacenter managed service offerings, launch new voice packages and leverage new access technologies such as ethernet.

Otilia Haraga

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