Vodafone Romania acquired UPC Romania in August 2019.
In March 2019, the company reported 1.1% lower services revenue, of EUR715.3 million, in the previous fiscal year, due to the negative impact of interconnection fees. Organic services revenue inched up 0.7% in the 2018/2019 fiscal year.
Since the acquisition of UPC, the consolidated base of fixed broadband services customers has increased by 18,000, reaching 702,000 customers.
The average revenue per user (ARPU) for mobile services provided by Vodafone Romania reached EUR5,1 in the fiscal year ended on March 31, 2020, down 0.2% on the year.
Vodafone Romania CEO Murielle Lorilloux said the previous financial year was highly dynamic for the company, with numerous achievements, among which the launch of the first 5G network in Romania and the expansion on the Internet of Things (IoT) market in order to enable business customers to become even more performing on a competitive market. Lorilloux added that Vodafone Romania continued with another significant achievement, not only for the company, but also for the entire digital society in Romania, namely, the acquisition of UPC.