• Central & East Europe
  • Features
  • Media Meet & Greet

Broadband TV News

Independent. Since 2003

  • Home
  • Newsline
    • Platforms
      • Cable
      • Connected TV
      • IPTV
      • Satellite
      • Terrestrial
    • Technology
    • HDTV
    • Channels
    • On Demand/VOD
    • Distribution
    • Central & East Europe
    • Event Coverage
      • Calendar of Events
    • Regulation/Legal
    • Marketing
    • Columns
      • Briel On
      • Chris Dziadul Reports
      • Clover’s Week
    • People
    • Finance
  • Resources
    • White Papers
    • Download Presentations
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • About
    • Contacts
    • Our Privacy Policy – Terms and Conditions
    • Editorial Calendar
    • RSS & Social Networking
    • Mobile
    • Logos and Pictures
  • Advertise
    • Media Info
    • Hosted Events
    • Roundtable Video
    • Roundup Video
    • Mechanical Data
    • Terms & Conditions
  • Subscribe

Upturn for Telekom Romania

February 19, 2020 09.58 Europe/London By Chris Dziadul

Telekom Romania turned the financial corner in 2019, with its best performance in over three years.

Results published by its parent company OTE show that full-year revenues were up by 5% to €980 million and adjusted EBITDA by over 5% to €143.7 million.

Furthermore, adjusted free cash flow rose sharply and would have been positive on an underlying basis after several years of cash generation. Although Telekom Romania lost TV subscribers in 2019 – down 8.5% during the year to 1,319,996, and shedding 33,460 in Q4 alone, its FMC customer base increased by 16.6% to 726,232.

Moreover, revenues from broadband and TV, supported by higher ARPU, continued to recover.

Meanwhile, in Greece Telekom Romania’s parent company OTE ended 2019 with 554,986 TV customers, or 2.4% more than a year earlier.

OTE Group as a whole had revenues of €3,907.6 million in 2019 (+2.9%) and adjusted EBITDA before IFRS 16 of €1,316 million (+3.6%). Its adjusted profit to owners of the parent was €410 million (+45.9%).

Commenting on OTE’s 2019 fourth quarter and full year, Michael Tsamaz, chairman & CEO, OTE said: “Our performances in the last quarter crowned a very solid 2019, fully validating the strategy we have been implementing with determination and discipline for many years. While I am pleased with the full-year top-line growth and higher profitability in Greece, and the sharp year-end improvement in Romania, it is with the progress of OTE’s transformation that I am most proud. Facing fundamental changes in our environment and our industry, we are taking bold measures to make our organization more agile, to reduce our cost base, and to create new revenue streams. The collective labor agreement signed in Greece a few days ago is an important step towards ensuring our sustainability and competitiveness to the benefit of OTE and all of our people.”

He added: “Our continuous improvement in cash flow generation provides us with the resources to invest in our customers’ needs, notably with regards to digitisation, to reward our people, and to remunerate our shareholders.”

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Central & East Europe, Editor's Choice, Newsline Tagged With: Greece, OTE, Romania, Telekom Romania Edited: February 20, 2020 11:51

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

Latest News

  • Viasat Consumer and Canal Digital combine as Allente
  • Amazon Prime passes 200m households
  • Discovery+ launches on Amazon Prime in US
  • Stoneroos delivers improved STB UI for Delta and Caiway
  • FTTH surges in Spain

White Paper

Nordija White Paper Competition: Should we be afraid of giving away our data?

By Broadband TV News Correspondent

Machine learning and AI are some of the big buzz words these days. With these has come a need for getting as much data as possible, since the more data, the better use for it.

Most Read

  • OTT growth continues in Western Europe
    OTT growth continues in Western Europe
  • Canal+ to launch premium DTH platform for Ethiopia
    Canal+ to launch premium DTH platform for Ethiopia
  • Salto to launch on DTT in platform “modernisation”
    Salto to launch on DTT in platform “modernisation”
  • Viasat Consumer and Canal Digital combine as Allente
    Viasat Consumer and Canal Digital combine as Allente
  • Vodafone partners with TiVo in Spain
    Vodafone partners with TiVo in Spain

About Us

Broadband TV News is the Industry’s No.1 Information Provider bringing news, analysis and comment on the delivery of digital television, around Europe and the World.

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Editions

  • Central & East Europe
  • Channels
  • Columns
  • Features
  • White Papers

Subscribe

Join over 40,000 readers to our Daily and Weekly emails. Complete the simple form to get the latest issue delivered direct to your inbox.

Click Here

Advertise with Broadband TV News

Broadband TV News offers a range of commercial possibilities from banner advertising to white paper hosting. Keep your brand at the front of buyer's minds.

Contact: Chris Griffin Commercial Director Tel: +44 7590 522475

Connect with Us

 

Copyright © 2021 Broadband TV News LLP · Log in