The Greek telco OTE is preparing to sell its stake in Telekom Romania.
Telekom Romania had total revenues of €216.6 million in Q1, down 4.4% on the corresponding period last year.
Telekom Romania saw a 9% year-on-year fall in its revenues in Q4 2018.
OTE has agreed to sell its entire stake in Telekom Albania to the Bulgarian company Albania Telecom Invest for €50 million.
Telekom Romania had a challenging third quarter, while its parent company OTE’s recovery gathered momentum.
Telekom Romania saw its TV subscriber base shrink by 0.5% in the year to June 30.
Greece’s OTE has raised €400 million from international debt capital markets through the successful issue of a new four-year bond issue.
Telekom Romania’s TV subscriber base grew by 0.4% in the year to March 31, reaching a total of 1,463,801.
Telekom Romania saw a fall in TV revenue despite a modest gain in subscriber numbers in 2017.
Greece’s first and to date only documentary channel Cosmote TV History is being made available in HD from today (Wednesday, February 14).