Greece’s OTE saw its TV subscriber base grow by 3.7% in 2020.
Telekom Romania’s TV business lost 110,710 subscribers in the year to September 30.
Greece’s OTE has agreed to sell its 54% stake in Telekom Romania Communications (TKR) to Orange Romania for €268 million.
Telekom Romania’s revenues in the second quarter were, at €228.9 million, only 1% lower than in the same period last year.
Telekom Romania saw a 9.5% year-on-year increase in its revenues in the first quarter.
Telekom Romania turned the financial corner in 2019, with its best performance in over three years.
Telekom Romania’s total revenues in Q3 amounted to €243.5 million, or 7.4% more than in the same period last year.
Greece’s OTE has raised €500 million from international debt capital markets via a seven-year bond issuance.
The situation at Telekom Romania is under control, according to Michael Tsamaz, the head of its parent company OTE.
OTE-backed Telekom Romania saw its TV subscriber base contract by 5.7% in the year to June 30.