Mobile Op Cosmote Invested Almost EUR1B In Romanian Operations Over 5 Yrs

Greek group Cosmote has invested almost EUR1 billion in Romania since its launch in December 2005, growing from 0.4% to a 24% market share, while revenue reached EUR468.6 million at the end of 2010.

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In 2005, Cosmote Romania's revenue was EUR5.1 million.

At the end of 2010, Cosmote had 6.84 clients on the Romanian market, including Telemobil (Zapp Mobile) users, down 5.9% from 2009. Five years ago, the operator had 48,940 users, says the data of telecom regulator ANCOM.

According to a Cosmote Romania press release, the operator "remained the indisputable leader in portability, for the second year in a row, with 61,442 port-ins."

Cosmote's revenue on the Romanian market increased 7.2% on the year in 2010, to EUR468 million, said a report by OTE, the group which owns Cosmote.

The mobile operator's earnings before interest, tax, depreciation and amortization (EBITDA) increased 12.7% last year, to EUR73.7 million.

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