Telekom revenues in Romania down 1.5 pct in 2014

Newsroom 26/02/2015 | 13:13

Telekom Group revenues in Romania decreased by 1.5 percent last year against 2013 to EUR 1 billion, due to the decline in revenues generated by the mobile operations division, Deutsche Telekom announced on Thursday, according to Mediafax.

In 2013, Telekom recorded revenues amounting to EUR 1.017 billion. Gross profit fell by 6 percent in 2014 compared to the previous year, from EUR 283 million to EUR 266 million. Telekom Romania Mobile Communications registered a gross profit down 11.2 percent, to EUR 105.6 million, while the profit of Telekom Romania Communications went up by 0.4 percent, to 159.9 million.

Also, the mobile operations division’s revenues dropped by 4.1 percent, from EUR 458 million in 2013 to EUR 439 million last year; the division’s gross profit fell by 12.4 percent from EUR 106 million to EUR 121 million.

Telekom Romania Communications (former Romtelecom) is one of the largest local telecommunications operators. The company’s shareholders are the Greek group OTE – 54.01 percent and the Ministry for Information Society – 44.99 percent.

Telekom Romania Mobile Communications (former Cosmote Romania) is owned by Cosmote Group, part of OTE Group – 70 percent and Romtelecom – 30 percent.