Of the total sum, pay and compensation to managers amounted to RON19.1 million, down 16.5% compared with 2011. The company paid social security and health insurance contributions of RON3.35 million for its executive team last year, up from RON3.1 million in 2011.
Romtelecom’s total staff expenses fell 21.5% in 2012 to RON557.4 million.
Last year, the company employed some 7,379 people, from 8,130 in 2011.
Romtelecom’s revenues fell 1.7% in 2012 to RON2.84 billion.
Voice services generated revenues of RON1.92 billion in 2012, down 10.4% on the year, according to the PwC report.
Revenues on the Internet segment rose 9.2% on the year to RON368.3 million in 2012, while interconnection services contributed RON419.6 million, down 5.1%. Television services regenerated revenues of RON374.6 million, up 20.9%.
Romtelecom is the largest local hard-line telephony operator. It is controlled by Greek group OTE (54.01%) and the Communications Ministry (45.99%).
The company’s main competitors locally are RCS&RDS and UPC România . (EUR1=RON4.4694)