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Cosmote Romania Expands Portfolio To More Than 6 Million Clients

Cosmote Romania, the local unit of Greek Cosmote Group, managed to attract more than six million clients, after it expanded its portfolio by over 2.2 million clients in 2008, the mobile telephony operator said Monday.
Cosmote Romania Expands Portfolio To More Than 6 Million Clients
30 mart. 2009, 14:13, English

Cosmote Romania, 70% owned by Cosmote Greece and 30% by the country’s largest landline operator Romtelecom, re-launched its operations on the local market in December 2005, when its client portfolio included less than 50,000 users.

Cosmote is majority owned by Greek OTE Group, which operates in Greece, Romania, Bulgaria, Albania and Macedonia.

OTE owns a 54.01% stake in Romtelecom, while Romania owns 45.99%.

Cosmote Romania doubled its revenues in 2008, to EUR311 million, and reported positive operating income before depreciation and amortization (OIBDA) for the first time since launch on the Romanian market.