Vodafone Romania’s 3% increase of turnover last year reflects major investments as well as industry challenges, according to Achilleas Kanaris, the company’s CEO.
Speaking to Ziarul Financiar, he added that “we are now at a turning point, in which the Romanian authorities and industry players must work together so that this industry is viable in the long run and continues to attract investment in state-of-the-art technologies”.
Kanaris also said that “Vodafone Romania is in a process of transformation from the status of telecommunications service provider to a reliable technology provider for Romanians, for the business environment and communities”.
Public data shows that Vodafone Romania registered net losses of RON411 million (€83 million) last year compared to RON214 million in 2020. Meanwhile, its total debts were RON3.9 billion, or 8`% more than the previous year.
Meanwhile, speaking to Business Review, Orange Romania’s CEO Liudmila Climoc said that the complex process of merging Telekom Romania’s fixed business with Orange was “an adventure”. A six-month milestone was reached in March after a period that brought the company closer to its objective of becoming the preferred choice for convergent services in Romania.
Climoc added that the Romanian market has reached its value potential for the most part, so operators are now moving towards convergence, innovation, digital services, and differentiated, high-quality content. She also highlighted the fact that 41% of Romanian households are already convergent, meaning they are using a mobile service and a fixed service from the same provider, while Orange is present in one out of two households in Romania.
Orange’s main objective “is to create a one-stop shop experience that provides full digital services and top-quality content”.
