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Orange Romania's revenues rise 11% y/y in Q2

Orange Romania's revenues rise 11% y/y in Q2 Orange Shop Romania Author ( License: all rights reserved.

BUCHAREST (Romania), July 27 (SeeNews) - Orange Romania said on Thursday its revenues rose by an annual 11% to 267 million euro ($310.4 million) in the second quarter of 2017, led by stronger mobile equipment sales and increased fixed and mobile traffic.

Orange Romania, a unit of France Telecom's Internet and mobile arm Orange, had 10.08 million clients at the end of June, down from 10.38 million at the end of 2016.

Mobile Internet traffic doubled in the second quarter of 2017, compared to the year-ago period, supported by an increase in smartphone sales, Orange Romania said in its Q2 2017 financial report.

TV services had 351,000 customers at end-June 2017, a 15.3% increase year on year. Fixed broadband services had 124,000 customers at the end of the second quarter.

Orange Romania's 4G coverage rate countrywide was 87% at the end of the second quarter, while the 4G urban coverage was 100%.

The average revenue per user (ARPU) in Romania was 7.4 euro per month in the second quarter, up from 7 euro in the previous quarter and from 6.9 euro in the second quarter of 2016.

"The results achieved in this semester support the development of future services and innovations, through which we will continue to offer extended connectivity and digital services tailored to the expectations of Romanians," Orange Romania CEO, Liudmila Climoc, said.

Orange Romania's revenues increased by 4.2% last year relative to 2015, reaching 986.8 million euro due to strong performance in mobile services.

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

At the group level, Orange posted 10.2 billion euro revenues in the second quarter of 2017, up 1.4% on the year.

($ = 0.8602 euro)