about us | newsletter | contact | archive | members area
LUDWIK SOBOLEWSKI, CEO OF BVB
We have this paramount objective which we need to tackle: to upgrade Romania to Emerging»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Telekom Romania posted adjusted EBITDA of 175 million Euro for entire 2016

Telekom Romania Communications and Telekom Romania Mobile Communications announced key performance indicators in fourth quarter 2016, ended December 31, 2016, as reported today by OTE Group. Telekom Romania posted adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of 175 million Euro for entire 2016, with consolidated revenues of 984.7 million Euro, a press release shows.

2017-03-02 12:55:06

"In 2016, we continued to focus on our key-objectives: growth on MagentaONE convergent segment and TV services, as well as offering attractive mobile services," said Miroslav Majoros, CEO, Telekom Romania operations. "Wholesale segment positively contributed to the results. In terms of high-end network coverage, our customers benefit from increased coverage of 4G services of 97.43 per cent in urban population. For the fixed segment, we exceeded our target of 2 million household FTTx footprint, as set for 2016. In 2017, we'll continue focusing on generating more value to our stakeholders, our customers and shareholders, as well as consolidating our position on all segments of the local market."

For Telekom Romania Communications, full year results 2016 show stable revenues, with smaller EBITDA, but positive performance on integrated fixed-mobile bundles segment, TV and wholesale. 12 months' revenues stood at 602.5 million Euro, up 0.14 per cent against full year 2015

Telekom Romania Mobile Communications registered total revenues of 121.9 million Euro in Q4 2016, up by 0.7 per cent compared to the same period of last year, while service revenues decreased by 6.9 per cent, to 73.8 million Euro in Q4 2016. At 12 months, the total revenues increased by 4.2 per cent, to 457.1 million Euro.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2043 Views
Daily Info
Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Three Romanian architecture offices merge into CUMULUS

PZP, SYAA and ARXTUDIO offices have merged into CUMULUS, in one of the rare transaction on the Romanian architecture sector. The new company has a combined turnover of over on...

Eberspaecher forecasts slight increase in revenue for 2017

The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

Liberty Center reached 70 per cent occupancy rate in the last six months

The occupancy rate in Liberty Center Shopping Mall reached a level higher than 70 per cent in the last six months, after attracting new tenants for 18 per cent of the shopping...

Land transactions volume reached record high last year in Bucharest, says C&W Echinox

Last year, in Bucharest the total land area transacted was of 110 ha, the highest volume recorded in the last ten years, according to C&W Echinox. In terms of value, land tran...

 
 
   
advertising

advertising

advertising

advertising

More on News
Iohannis: I explained to EU leaders multi-speed Europe is not a good solution, could end in split-up

President Klaus Iohannis, speaking after the European Council's meeting, said that he explained to EU leaders that a multi-speed Europe is not a good solution and that in e...

1 Comment

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will become operational in 2020, when ExxonMobil...

Ninety-seven per cent of household waste ends up in landfills, says ARBIO

As much as 97 per cent of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the nu...

Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data relea...

Romania has significant potential in agriculture, but low productivity, says PwC Romania

Romania is one of the European countries with the highest potential in agriculture with the sixth biggest agricultural use area in the EU, but it has a low productivity due...

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which repr...

PM Grindeanu: We must back European project strengthening, not multi-speed Europe

Romania's consistent stance - whether expressed by the country's Presidency, government or Parliament - on the future of the EU in the Brexit context is to support the stre...