Speaking at a press conference Tuesday, Majoros said that despite a slight decrease, the company’s turnover is pretty stable at around EUR1 billion, but, unfortunately, its profitability fell. He added his role is to maintain a balance between investments and customers. Telekom Romania head went on saying that the profitability of MagentaOne, which attracted 280,000 customers in one year and a half, is good, not great, but good.
Telekom Romania registered a profit before interest, tax depreciation and amortization of EUR205 million in 2015, down 22.9% on the year.
The company’s new CEO, Miroslav Majoros, aged 57, will be running the company in the next three years, after replacing Nikolai Beckers at the beginning of 2016.
Majoros said both Telekom and Orange, which have recently signed a collaboration contract, will launch offers for subscribers in approximately two months. Based on the partnership concluded between the two companies, known as Apolodor, Telekom will have access to Orange’s mobile data network and Orange will have access to Telekom’s fixed telephony and television.
Majoros pointed out that, although the company will somehow adjust the number of employees, it will keep most of them due the advantages of low labor costs on the Romanian market, unlike other European countries where Telekom operates.
Telekom Romania said Tuesday that it budgeted investments of over EUR180 million in 2016, which will target mainly the expansion of the 3G/4G networks and of the fiber optic network. The company will expand the coverage of the fiber optic network by over 30% in order to reach two million households by the end of 2016.
Telekom Romania has some 10 million services contracts and has been operating on the Romanian market since 2014, after the joint rebranding of Romtelecom and Cosmote Romania.