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Deutsche Telekom in Romania: 1.1bn-euro revenues and 293m-euro EBITDAUpdated: 04-03-2010 | Business
Deutsche Telekom, the largest communications operator in Europe, has for the first time included in its yearly financial report data on Romania, with figures showing that the German group has for the first time outranked rivals Orange and Vodafone in terms of revenues, with over 1.1 billion euros.
Deutsche Telekom (DT) calculated the 1.1 billion euros by adding together revenues of four companies in which it holds stakes through Greek group OTE, i.e. Romtelecom, Cosmote, Germanos, and Zapp. Orange posted 1.055 billion-euro revenues in Romania last year, whilst Vodafone's revenues amounted to around 1 billion euros, according to ZF estimates. A similar situation exists on the insurance market, where the Vienna Insurance Group (VIG) is no. 1 on the market as a group, via the four different companies it holds, whilst Allianz-Tiriac is leader in terms of revenues derived separately.
With an EBITDA of 293 million euros last year in Romania, Deutsche Telekom fails, however, to outpace rivals Orange and Vodafone, which posted an over 400 million-euro EBITDA each, according to estimates.
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