Orange returns to growth in Romania in fourth quarter of 2019

By
Transylvania Today
-

Orange Romania, the leader of the local telecom market, recorded a turnover of EUR 299 million in the fourth quarter of 2019, up by 2.4% compared to the same period of 2018, the company announced in a press release, quoted by Romania-Insider.com.

Orange thus returned to growth after three consecutive quarters in which its local business declined because of a new cut in the mobile termination rates.

The company’s turnover for 2019 amounted to EUR 1.11 billion, down by 1.1% compared to 2018.

At the end of December 2019, Orange had 10.94 million clients in Romania, up by 1.7% compared to December 2018. The fastest-growing segments for the company were the fixed broadband internet (23% more clients year-on-year) and cable TV (7% more clients yoy).
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