Results published by its parent company OTE show that it ended the second quarter with a total of 1,462,982 TV, losing 819 in Q2 alone. However, the number of FMC (Fixed Mobile Convergent) customers rose by 40.5% to 596,912 over the same period.
Total revenues at Telekom Romania in Q2 amounted to €237.8 million, or 0.8% more than in the corresponding period in 2017. Meanwhile, adjusted EBITDA was €37.3 million, or 4.8% less than a year earlier.
In OTE’s home market Greece the number of TV subscribers at the end of June stood at 525,689, or 4.3% more than 12 months earlier. However, it lost 2,027 in Q2, while at the same time gaining 30,198 broadband and 43,478 fibre customers.
OTE Group as a whole had revenues of €959.1 million (+2.2% year-on-year) in Q2 and its adjusted EBITDA was €319 million (+1.6%).
The adjusted profit to the owners of the parent amounted to €45.6 million (+11.8%).
In his comments on the results, Michael Tsamaz, chairman and CEO, OTE, said: “Romania remains a tough market, but the improvement in mobile, fuelled by our FMC solution and new offers, more than offset the drop in fixed this quarter”.
In concluding remarks on Greece, he added: “We are committed to continue building OTE’s position and reputation as the technology leader in Greece. With nearly 40% of eligible customers having adopted our FTTC solution already and Cosmote’s first fiber-to-the-home connection activated last month, Greece is on its way to joining the ranks of gigabit societies. While further investing in the infrastructure of our markets and in our own digital transformation, we are on track to meet our Capex and cash flow guidance this year.”