Telecoms market to grow 10.6% in 2008

20 Aug 2008

The Romanian telecoms market is set to grow by 10.6% to EUR4.3 billion (USD6.3 billion) in 2008 according to a study by Polish research firm PMR. Cellular market leader Orange reported an 8.8% increase in revenues for the second quarter of 2008, while rival Vodafone saw sales rise 7.6% over the same period. Market growth will also be boosted by the continuing strong performance of the broadband internet sector, where the number of users has grown at an annual average of 90% over the last five years.