In the first half of 2013, the company reported revenues of EUR294.2 million.
Its earnings before interest, tax, depreciation and amortization (EBITDA) rose 12.1% to EUR83.4 million in the first six months, from EUR74.4 million in the year-earlier period, Greek group OTE, Romtelecom’s majority shareholder, said in its earnings report released Thursday.
In the second quarter, the company’s revenues inched up 0.7% to EUR149.7 million, and its EBITDA advanced 28.7% to EUR44.9 million.
The decline of revenues from hardline telephony services to household consumers was similar to that registered in the previous quarters, while higher revenues from TV and broadband internet services made up for some of the decline on the voice segment, the telecom operator said.
Voice services revenues dropped 12% in the second quarter, while revenues on the TV services segment increased 4%
Romtelecom’s hardline telephony client numbers dropped 4.1% on the year in the second quarter, to 2.191 million, while its internet subscriber numbers increased 1.5%, to 1.244 million and TV services user numbers rose 6.8%, to 1.384 million.
Romtelecom’s operating expenses, excluding depreciation, amortization and the cost of its voluntary layoff and restructuring programs, stood at EUR119.8 million in the second quarter, up 1% on the year. Spending rose mainly due to large IT projects, raising interconnection traffic and a new tax on infrastructure the Romanian government introduced this year, according to the report.
The increase was largely offset by a 14% decline in staff spending, compared to the same period in 2013.
OTE, part of German group Deutsche Telekom, is present in Romania with Romtelecom, Cosmote and Germanos. Romtelecom and Cosmote will be rebranded under Deutsche Telekom’s T and T-Mobile brands this year.