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Adaugat in data de 06-05-2011

Cosmote Romania boosts EBITDA in Q1 2011

Cosmote Romania boosts EBITDA in Q1 2011 Cosmote Romania announces key performance indicators for the first quarter of 2011 fiscal year, ended March 31, 2010, as reported today by OTE Group.

In Q1 2011, COSMOTE Romania continued on its successful business course, significantly boosting EBITDA and maintaining a steady track in revenues. Moreover, COSMOTE managed to grow its business customers’ base by 10%, as a result of the company’s competitive and appealing dedicated corporate offers.

As of the end of March 2011 COSMOTE’s total customer base reached 6.6 million (including Zapp), with the postpaid ratio increasing to 22.4% from 21% in Q1 2010, as a result of the business segment growth.

EBITDA profitability rose by 171.2% versus Q1 2010, reflecting significant operating improvements following the successful integration of Zapp.

Total revenues in the first quarter of 2011 reached 107.
3 million Euro, while COSMOTE’s EBITDA margin stood at 16.7% up by 11 p.p. on a yearly basis.

Blended ARPU for Q1 2011 increased by 6%, to 4.78 Euro, versus 4.51 Euro in Q1 2010, mainly due to the introduction of competitive and relevant propositions in the market.

"COSMOTE Romania had a very good and promising start in 2011. The company significantly increased its EBITDA profitability and maintained a steady performance in revenues market share. Moreover, the 10% growth in the corporate segment further consolidates COSMOTE’s market presence and marks significant growth in a highly valuable segment for the company. In the coming months, we will continue investing in all core business directions, offering our customers the most advantageous, value for money propositions, accompanied by latest generation technologies", said Konstantinos Apostolou, COSMOTE Romania’s Chief Financial Officer.

Having reached a market share of approximately 24% and successfully providing 3G services at the highest speeds in the market, COSMOTE Romania will continue to focus on expanding its presence in the broadband and corporate segments.

In Q1` 2011, the mobile operations of OTE Group provided telecommunications services to approximately 20 million customers in SE Europe..


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