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).
Greece’s privatisation agency HRADF has launched an international tender to sell a 5% stake in the incumbent telco OTE.
Romania remains challenging for OTE despite an improved performance in its home market Greece.