The company also said its operating profit doubled last year compared to 2012.
“We posted significant growth and not only reached but exceeded our targets ,” said company general manager Stuart Evers.
The company’s client base increased 6% compared to 2012 and most clients sought internet, data, and voice services. Evers said new clients came from various sectors, from finance and banking to retail, energy and the diplomatic corps.
Throughout 2013, Euroweb extended its European development strategy to become a regional service provider for several companies headquartered in Romania, which operate internationally.
Evers estimated 2014 will be a difficult year for the Romanian telecom industry as prices continue to decline and inflation affects salaries in the IT sector.
“On the whole, I don’t think the local telecom market will post significant growth,” said Evers.
Euroweb Romania has a fiber optic network of 2,000 kilometers and is one of the largest local providers of communication services for corporate clients and telecom operators. It is indirectly owned by Turk Telekom since 2010.
According to the Trade Registry, the Romanian telecom operator is owned by TT International Holding BV (Netherlands) – 99.96%, and individual shareholders Eugen Rusu – 0.01%, Cristina Frent Lung – 0.01%, Elena Jugariu – 0.01% and Gheorghe Rusu – 0.01%.
Euroweb’s main competitors are Romtelecom, GTS Telecom, and Prime Telecom.