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Greece’s Cosmote has 3 million subscribers in Romania October 31, 2007

Posted by grhomeboy in Telecoms.
Tags: , ,

Cosmote said it surpassed 3 million subscribers in Romania, beating a full-year target announced just a week ago.

Cosmote has added more new customers than local competitors including Vodafone Group Plc and France Telecom SA for the past three quarters, according to an e-mailed statement from the company. The Romanian unit is expected to be profitable on a net level in 2009, according to the statement.

Athens-based Cosmote is expanding its network in the country of 22 million inhabitants and adding more stores to win new customers. Together, Vodafone and France Telecom have almost 17 million clients in Romania. Cosmote, Greece’s biggest mobile-phone company by users, owns a 70 percent stake in its Romanian unit, and Romtelecom SA, the country’s former phone monopoly, owns the rest. Both companies are majority-owned by Hellenic Telecommunications Organization SA, [OTE], Greece’s biggest phone company.

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