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Orange Romania's revenues fall 2% y/y in Q1

Orange Romania's revenues fall 2% y/y in Q1 Orange Shop Romania Author ( License: all rights reserved.

BUCHAREST (Romania), April 30 (SeeNews) - Orange Romania, a unit of France Telecom's Internet and mobile arm Orange, said on Tuesday its revenues fell 2% on the year in the first quarter to 265 million euro ($295 million), mainly due to a change in mobile termination rates and a slight decrease in equipment sales.

Orange Romania had 10.693 million customers at the end of March, up 2.3% on the year, Orange Romania said in an interim financial report.

Mobile Internet traffic surged by 50% year-on-year in the first quarter of 2019 supported by an increase in smartphone sales and by investments in 4G and 4G+ networks.

TV services had 519,000 customers at end-March 2019, a 24% increase year on year. Fixed broadband services had 303,600 customers at the end of the first quarter, up 44.6% on the year

"2019 looks like a year with many challenges but also with opportunities. In the first quarter of the year, we continued to take important steps in the area of converged fixed-to-mobile services and in developing the financial services we provide to our customers. Network performance and service quality remain a priority in a more connected world," Orange Romania CEO Liudmila Climoc said.

Orange Romania's revenues increased by 5% last year relative to 2017, reaching 1.125 billion euro driven by growth of fixed-mobile services and higher mobile data consumption.

Romania’s market of just over 20 million people is served by five mobile operators - Orange Romania; Telekom Romania, former Cosmote Romania; RCS&RDS; Vodafone Romania; and insolvent 2K Telecom.

At group level, Orange posted revenues of 10.18 billion euro in the first quarter of 2019, down 0.1% on the year.

($ = 0.8982 euro)