Telekom Romania Communications and Telekom Romania Mobile Communications announce key performance indicators in Q4 of 2017, ended December 31, 2017, as reported today by OTE Group.
Telekom Romania Communications
In Q4 2017, Telekom Romania Communications’ net revenues were 3.9% down from the prior-year level, to EUR 160.3 mln, primarily impacted by the fixed voice revenues downward trend. However, for entire year, the revenues slightly increased by 0.9% to EUR 607.7 mln. 
Adj. EBITDA in Q4 went down by 7.8% to EUR 26.1 mln, but had an overall upward trend for entire year 2017, reaching EUR 101.9 mln, up by 9% vs 12M 2016.
In Q4 2017, the number of subscribers for convergent bundles continued to increase, by 36%, surpassing the threshold of 500,000. Also the total number of TV subscribers increased slightly (+0.4%) to 1.470 million, while the number of broadband subscribers reached 1.180 mln. Compared to Q4’16, fixed voice revenues continued their downward trend (-15%); broadband revenues were down (-4.8%) and also TV (-1.9%). 
Total Romanian fixed-line Operating Expenses, excluding depreciation, amortization, and charges related to voluntary leave schemes, decreased by 2.8% in Q4’17 compared to Q4’16. Higher customer driven direct costs like higher interconnection and mobile handsets were offset by the diminished indirect costs.
Telekom Romania Mobile Communications
In Q4 2017, Telekom Romania Mobile Communications registered total revenues of EUR 139.5 mln, up 14.4% against the same period of last year, largely due to higher postpaid revenues and higher revenues from merchandise sold. Service revenues increased by 13.1%, to EUR 83.5 mln.
Telekom Romania Mobile’s customer base totaled 4.7 mln, down 11.1% from the year-earlier level, mainly due to elimination of inactive prepaid cards. Of this total, 34.5% was postpaid.
In Q4 2017, adjusted EBITDA decreased by 16.9% compared to the year-earlier period, to EUR 14.7 mln. 
Blended ARPU reached EUR 6.0. In 2017, the increase versus the previous year was 9.0%, to EUR 5.2.
Working together with the Romanian fixed-line operations, Telekom Romania Mobile is taking steps to improve its performance, including enhanced 4G coverage, refocused sales efforts, and cost optimization.