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.

Staff

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue