For the whole of 2013, Romtelecom posted a 1.6% decline in revenue to EUR609.5 million, from EUR619.6 million in 2012.
The Romanian company reported fourth-quarter EBITDA of EUR49.2 million, up 21.2% year-on-year. The figure was boosted by expenditure cuts and capitalization of television content costs, OTE, which is 40-percent-owned by Germany’s Deutsche Telekom, said in its report.
Romtelecom continued to grow on the television and internet segments, while losing customers on the fixed-line segment.
“In Q4’13, Romtelecom achieved another significant increase in TV & internet service revenue, driving the growth in the residential segment, while revenues from business customers benefited from a substantial rise in System Solutions. In addition, Romtelecom recorded a sharp jump in wholesale revenue coming for higher transit traffic on its network,” the Greek company said.
It said Romtelecom’s revenue from internet and TV rose 7% and 7.4% on the year in the fourth quarter, while wholesale revenues increased by 31.1%. However, voice revenue dropped 15.5% year-on-year.
At the end of December, Romtelecom had 1.249 million broadband customers, up 4.5% on the year. The number of TV subscribers rose 7% to 1.353 million, but fixed telephony customers declined 3.3% to 2.252 million.