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Latest Satellite News Discussion, Romtelecom/OTE toughen it out at General Satellite News forum; Published: 11.00 Europe/London, May 6, 2011 The Romanian incumbent telco Romtelecom ended the first quarter with 1,064,710 subscribers to its ...

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Romtelecom/OTE toughen it out - 06-May-2011, 16:50

Published: 11.00 Europe/London, May 6, 2011

The Romanian incumbent telco Romtelecom ended the first quarter with 1,064,710 subscribers to its satellite, cable and IPTV services.

Although this was 14.9% more than in the same period last year, it arguably represented a slowdown in growth in the take-up of its highly successful DTH service Dolce.

Its cable operation NextGen meanwhile pursued a dual brand strategy, resulting in q-o-q revenues rising by 103% and RGUs by 312%, and the IPTV platform Dolce Interactiv had over 33,000 triple play subscribers at the end of the quarter.

Romtelecoms revenues in Q1 amounted to 166.3 million, or 10.9% less than in the same period last year. Furthermore, its operating income (EBIT) slipped into negative territory (-16.7 million) from the previous years 13.3 million.

Greeces OTE, Romtelcoms parent company, also had a difficult quarter, with a 12.6% y-o-y fall to revenues to 1,224.8 million and 54.1% reduction in net income to 30.2 million.

On the credit side, its IPTV subscriber total grew by 140.9% to 56,464 in the year to March 31.


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