The ICT revenue, however, will drop out in coming quarters, as the company is gradually exiting this business, the group added.
Excluding the impact from ICT, revenue would be slightly down, a significant improvement from recent trends, OTE notes. 
Mobile service revenue of TKRM went down 12% to EUR43 million in the fourth quarter of 2023, as a result of a decline in customer base by 9% to 3.8 milion. The number of post-paid users increased 3% to 1,915,939, while the number of pre-paid users shrank by 19% to 1,882,495.
“Romania operations continue to be impacted by mobile termination rate (MTR) cuts, and an additional 50% reduction has been in place since the beginning of 2024. (…) TKRM achieved another year of growth in its mobile postpaid base, reaching 1.9 million subscribers, a 3.3% year on year increase. Net additions in the quarter stood at 33,000, setting the framework for future revenue improvements. The performance of the prepaid segment was affected by certain campaigns implemented in 2022,” OTE said in its report.
Adjusted EBITDA stood at EUR4.1 million in the quarter, compared with breakeven in the fourth quarter of 2022, impacted by certain adjustments. On a full-year basis, TKRM recorded Adjusted EBITDA of EUR17.0 million, compared with EUR38.0 million in 2022, mainly due to higher energy costs, the discontinuation of MVNO, and the impact of certain customer retention activities.
(English version by Loredana Fratila-Cristescu)