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Orange Romania's 2017 revenues rise on strong mobile performance

Orange Romania's 2017 revenues rise on strong mobile performance Orange Shop Romania Author ( License: all rights reserved.

BUCHAREST (Romania), February 21 (SeeNews) - The Romanian unit of France Telecom's Internet and mobile arm Orange said on Wednesday its revenue rose by 8% to 1.070 billion euro ($1.32 billion) in 2017 due to the increased use of mobile data and higher sales of fixed-mobile packages and mobile equipment.

In the fourth quarter alone, Orange Romania generated 280 million euro in revenues, up 7.7% on the year, Orange said in its 2017 consolidated financial report.

Orange Romania had 10.623 million customers at the end of 2017, up by 2% year-on-year.

"2017 was a year in which the digitization process accelerated, highlighted by the growing consumption of mobile data and connected products for both residential and business. (...) Our performance in 2017 is the result of two constants - the relevant offers built ogether with our customers and their trust in the quality of the services offered by the largest 4G network in Romania," Orange Romania CEO, Liudmila Climoc, said.

Orange's 4G network was the most wide-ranging in Romania at the end of last year, covering 100% of the urban population and 93.2% of the entire population. Orange Romania's 4G customer base reached 3.2 million people at the end of 2017, an increase of 50%year-on-year.

Also, consumption of 4G mobile data maintained its upward trend, rising by 80% year-on-year in 2017, Orange Romania said.

On the TV segment, Orange Romania had over 398,000 subscribers at the end of 2017, up 20% compared to the year-earlier figure.

At the group level, Orange posted 41 billion euro in revenues in 2017, up by 1.2% over 2016.

($=0.8103 euro)