Cosmote, the number three on the local cellular telephony market and part of the Greek OTE group, posted EUR458.9 million revenue, up 8% according to Trade Registry data, even though the overall telecom market was down almost 3% to EUR3.5 billion.
RCS&RDS posted highest growth among the largest telecom operators in Romania. Its revenue went up by almost 15% to EUR478.7 million. The figure does not reflect the company’s revenue abroad. The operator held by businessman Zoltan Teszari of Oradea (NW Romania) thus climbed one place among the largest telecoms. Both Cosmote and RCS&RDS posted losses last year, according to the Trade Registry.
Vodafone, the local market number two posted EUR802 million in revenue, down by less than 3% and EUR100 million in net profit, 13% lower than in the previous year.
Orange and Vodafone, the largest competitors on the local telecom market are also the only ones of the six that dominate Romania’s market that made profit in 2011, according to Trade Registry data. Both Orange and Vodafone saw their net profit drop faster than revenue last year.
RCS&RDS and UPC increased the number of employees last year; the former hired most people. RCS&RDS continued its acquisitions in 2011 and took over about 200,000 users from smaller cable companies, according to information that ZF got from the market.
On the other hand, Romtelecom, the largest landline telephony operator and second leading landline Internet and TV service company, shed the highest number of jobs.
Revenue derived from supplying networks and electronic communications services amounted to 14.8 billion lei (about EUR3.5 billion) in 2011, down 3% on 2010, according to the data provided by the operators on the electronic communications market in Romania to the market regulator ANCOM.
The 2011 total revenue decline is significantly lower than in 2010, when it stood at 7%. Looking at half-year revenue, the second half of 2011 was 5.5% better than the first.
(English version by Loredana Fratila-Cristescu)
| Company | 2011 revenue (millions of euros) | 2011/2010 variation | 2011 net profit (millions of euros) | 2011/2010 variation | 2011 average number of employees | 2011/2010 variation |
| Orange | 939.6 | -4.9% | 190.1 | -14.3% | 2,707 | -0.9% |
| Vodafone | 802.2 | -2.6% | 100.4 | -13.2% | 2,951 | -0.4% |
| Romtelecom | 655.1 | -8.6% | N/A | – | 7,451 | -18.8% |
| RCS&RDS | 478.7 | 14.5% | Loss | – | 6,910 | 18.1% |
| Cosmote | 458.9 | 8.4% | Loss | – | 1,234 | -1.6% |
| UPC | 103.4 | -7.6% | Loss | – | 1,605 | 2.8% |