In 2011, the company registered a 12% increase in the number of Internet and television service clients.
The number of Romtelecom’s hard-line telephony clients dropped 5% to 2.49 million last year, from 2.62 million, OTE said in a report released Thursday.
On the broadband Internet segment, the company’s number of subscribers climbed 12.1% in 2011 to 1.13 million, from 1.01 million a year before.
On the television service segment (satellite, IPTV and cable), Romtelecom had 1.18 million clients at the end of 2011, up 11.9% on the year.
Costs entailed by the company’s voluntary leave program rose by 25.6% in 2011 to EUR30.4 million. Romtelecom’s number of employees was reduced by over 1,700 to 7,451 from 9,179, reads the report.
The company’s EBIT (earnings before interest and taxes) operating loss stood at EUR299.6 million last year, from EUR292.1 million in 2010.
The EBIT loss was caused by the depreciation and amortization of the company’s fixed and intangible assets. In the last quarter of the year, OTE registered impairment charges of EUR253.2 million regarding Romtelecom’s assets, from EUR244.5 million in the same interval a year before.
In the last quarter of 2011, Romtelecom’s EBIT loss stood at EUR267.9 million, from EUR270.3 million in the same interval in 2010.
Its EBITDA profit dropped 23% last year to EUR119.1 million, from EUR154.7 million.
In the last quarter of 2011, Romtelecom’s EBITDA profit fell 3.4% to EUR30.8 million, from EUR31.9 million.
The operator’s revenues fell 4.4% in the last quarter of 2011 to EUR162.6 million, from EUR170.1 million in the same timeframe a year before.
The decline was caused mainly by the turnover drop on the hard-line telephony segment, the loss of clients and the decrease of the average revenue per user (ARPU). On the other hand, revenues from television services increased, reads the report.