Telekom Romania group announces key performance indicators in the fourth quarter of 2018, ended December 31, 2018, as reported by OTE Group.

Total revenues from Romania were down 9.0% yoy to 242.2 million Euro. in Q4’18. Revenues from Retail Fixed services were down 15.7%, or 14.0% excluding the IFRS 15 impact. The main contributor to this drop was fixed voice revenues where a combination of lower fixed telephony subscriber base paired with voice ARPU deterioration led to a negative performance.

Total revenues from FMC services increased by 9.1% as the number of FMC subscribers rose 44% year-on-year, to 726,000 customers.

The Internet TV (IPTV) segment continued the upward trend, with customers up by 13% compared to the same quarter last year. In the same time, there was a 28% increase in customers using premium TV content/sports packages yoy.

At the end of Q4 2018 Telekom Romania reported 1.14 million broadband subscribers (including FMC), down by 3.1% compared to the same quarter last year. Voice users (including FMC) reached 2.14 million at the end of the fourth quarter of this year, up by 2.1% as compared to Q4 2017.

Telekom Romania Mobile’s customer base totaled 4.6mn at the end of Q4’18, down 2.5% from the year-earlier level, due to the deactivation of inactive customers. Of the total customer base, 34% were postpaid. In postpaid, business customers number increased by 9%.

Combined adjusted EBITDA in Romania decreased by 39.5% to 24.7 million Euro in Q4’18, affected by one-off receivable provisions.