Vodafone Romania reports total revenue of 905 million Euro for fiscal year 2019/2020

Vodafone Romania announces consolidated total revenue of 905 million Euro in year ended March 31, 2020. This fiscal year was an important one as Vodafone acquired UPC in August 2019 and became a major converged player in the market.

Since UPC acquisition, the consolidated fixed broadband customer base increased by 18k net additions reaching 702k customers.

Murielle Lorilloux, CEO Vodafone Romania, stated: “The past financial year was very dynamic for us and we had a lot of important milestones that include the launch of the first 5G network in the country and the expanding on the IoT market enabling our business customers to become even more performant in a very challenging market. We have continued with another significant milestone not only for us, but also for the entire digital society of Romania – the acquisition of UPC. We have launched the first commercial converged offer in early September 2019 and we had an impressive fast finalization of the legal merger in just only several months. At the end of this financial year, we have adapted our strategy and way of working to face this unprecedented health and social crisis. We have continued to invest and increase our networks capabilities to maintain the Romanians connected and our efforts were rewarded with the Best in test certification from the independent auditor umlaut AG (the former P3 communications). Since the start of the pandemic, we have invested all our efforts to protect our employees, to develop seamless connectivity solutions for all our customers in order to be able to carry on their personal and professional lives. Our initiatives were focused on supporting the entire Romanian society, from providing access to online education, up to significant donations and support for the healthcare institutions and authorities.”