Romtelecom posted revenues of EUR 716.9 million in 2010

Romtelecom posted revenues of EUR 716.9 million in 2010, which represented a decrease of 8.4 percent, according to a report of the Greek company OTE.

 Romtelecom’s EBITDA decreased by 38.7 percent, down to EUR 154.7 million.

 The costs with the program of voluntary leaves have increased threefold up to EUR 24.2 million, from EUR 8.6 million in 2009.

 “It would have been hard on any telecom market but it was even harder on a market such as the Romanian one, with one of the most intense price competitions in the region,” according to Yorgos Ioannidis, GM of Romtelecom.

 At the end of 2010 the total number of subscriptions reached approximately 4.7 million, which represented a growth compared to 2009. The number of broadband clients was more than 1 million.

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 The number of DTH Dolce television customers also surpassed 1 million.

 The number of Romtelecom’s IPTV clients reached 30,000 at the end of the year and the number of VDSL high-speed internet clients surpassed 50,000.

Otilia Haraga