Digi Communications, the parent-group of Romanian telecom operator RCS&RDS, announced its financial situation deteriorated to EUR 17.6 million losses in the first quarter of this year from a net profit of EUR 14.8 million in the same period of the previous year.

However, the company’s revenues increased by 20.8% in the quarter, to EUR 281.2 million, backed by a significant expansion of the client portfolio.

Romania is the primary market for the group, accounting for 64.4% of its revenues, followed by Hungary (19.6%), Spain (14%), and Italy (2%). In total, in the four markets, the group recorded a 13% year-on-year increase in revenue generating units (RGU), to 15.2 million, As of March 31, 2019.

In Romania, the group reported a 10.3% increase in subscriptions to cable TV services (3.4 million RGU at end-March) and 11.3% in fixed Internet service subscriptions (2.6 million RGU at end-March).

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11 February 2019

Business

Digi Communications taps market by EUR 200 mln bond

On the mobile segment, the group reached 4.9 million clients on its four markets at the end of March 2019, up 11% over March 2018. The client base expansion in Spain mainly supported this increase.

editor@romania-insider.com

(Photo source: the company)