Cosmote grows third quarter revenues and profit
Mobile telephony operator Cosmote Romania posted EUR 117.5 million in revenues in the third quarter of the year, up 8.5 percent on the same period last year, the company has announced. Its profit before taxes (EBITDA) was of EUR 23.3 million, an increase of 24.6 percent on the previous quarter, following the integration of Zapp operator.
Cosmote has 6.7 million customers, out of which 20 percent are subscribers. The number excludes the Zapp customers. Cosmote is majority owned by Greek group OTE. The Greek group also controls landline telephony operator Romtelecom and retailer Germanos.
editor@romania-insider.com