In the first quarter of the year, Romtelecom reported revenues of EUR166.3 million and EBITDA of EUR22.2 million, down 62.6% on the year.
The 15% decline in revenues from voice services and the decrease in equipment sales were counterbalanced by strong increases on the TV and broadband segments, of 31% and 20%, respectively, according to the press release.
Romtelecom reported earnings before interest and tax (EBIT) of EUR13.8 million in January to March, as compared to operating loss of EUR16.7 million in the same period a year before.
The number of hard-line customers fell 5.4% to 2.446 million in the first quarter of the year, compared to 2.585 million in the same period a year before, the press release also reads.
The number of broadband customers rose 8.9%, from 1.062 million to 1.156 million.
Satellite television, internet protocol television (IPTV) and cable television services saw an 11.8% increase in the number of customers, from 1.064 million to 1.19 million.
The number of Romtelecom employees stagnated to nearly 7,500, compared to the end of 2011, but fell nearly 18% from 9,161 employees in the first quarter of 2011.
OTE also owns mobile telephony operator Cosmote and the Germanos chain of stores in Romania.
German Deutsche Telekom is the majority shareholder in OTE, with a 40% stake, followed by the Greek state with a 10% stake. The remaining shares are owned by institutional shareholders (11%), foreign institutional investors (29%) and minority shareholders (nearly 10%).