Romtelecom 1Q revenues down 3.3%

14 May 2010

Romtelecom saw its revenue fall 3.3% year-on-year to EUR194.8 million (USD245.3 million) in Q1, primarily reflecting a 12% decrease in traditional voice services, a 4% drop in ARPU and a line loss of nearly 8% compared to Q1 2009. EBITDA fell 20.2% to EUR59.3 million, and EBIT was down 75.9% to EUR 3.3 million. In 1Q fixed telephony lines dropped by 7.9% to 2.7 million while DSL and mobile data subscribers increased by 18.5% to 830,623.