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Orange Romania's revenues rise 2.5% y/y in Q1

Orange Romania's revenues rise 2.5% y/y in Q1 Orange Shop Romania Author ( License: all rights reserved.

BUCHAREST (Romania), April 22 (SeeNews) - Orange Romania, a unit of France Telecom's Internet and mobile arm Orange, said on Thursday its revenues rose 2.5% on the year in the first quarter of the year, to 264 million euro ($317 million), due to a rise in equipment sales.

Orange Romania had 10.640 million customers at the end of March, up 1.8% on the year, Orange Romania said in an interim financial report.

Mobile Internet traffic surged by 30% year-on-year in the first quarter of 2021 supported by an increase in smartphone sales and by investments in 4G, 4G+ and 5G networks.

Fixed broadband services had 418,000 customers at the end of the first quarter, up 14% on the year.

"Connectivity has remained the same solid pillar with an extremely important role in the national economy, which is also seen in the increase of services in the B2B area or in the consumption of mobile data," Orange Romania CEO Liudmila Climoc said.

Last year, Orange Romania's recorded revenues of 1.076 billion euro, compared with 1.112 billion euro in 2019.

Romania’s market of just over 19 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 10.32 billion euro in the first quarter of 2021, up 0.5% on the year.

($ =0.8329 euro)

Orange Romania SA is among the biggest companies in SEE, for more reference take a look at Top 100 companies