Αρχική iptv-news Tough times for Telekom Romania

Tough times for Telekom Romania

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Telekom Romania had a challenging third quarter, while its parent company OTE’s recovery gathered momentum.

Results published by OTE show that Telekom Romania ended Q3 with 1,453,526 TV customers, or 1.4% fewer than a year earlier. Meanwhile its revenues, at €226.7 million, were 5.3% down on Q3 2017, with adjusted EBITDA 4.2% lower at €41.2 million.

In OTE’s home market Greece the number of Cosmote TV subscribers at the end of Q3 stood at 534,093, or 3.3% more than a year earlier.

The company’s revenues in Q3 amounted to €754.4 million (+1.9%) and adjusted EBITDA €320.6 million (+5.7%).

The OTE Group as a whole had revenues of €991.5 million in Q3, virtually unchanged on a year earlier.

Its adjusted EBITDA was €365.2 million (+4.7%) and profit €119.3 million (+127.7%).



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