Moldovan telco Moldtelecom reports 9% drop in revenue

www.WirelessFederation.com/news: A fall of 9% in the revenue has been reported by Moldovan incumbent telco Moldtelecom for the year ended December 31, 2009, earning a revenue of MDL2.4 billion (USD188 million). However, company’s profit from operating activities increased 3% year-on-year to MDL384 million due to the reduction in the costs by 11% during 2009.

4% increase in revenue in 2010 has been expected by the operator to MDL2.5 billion. The profit is predicted to remain stable compared to 2009. The total subscribers’ base of the firm reached 1.34 million, including 1.11 million fixed telephony customers and 101,000 mobile users.

An investment of MDL739 million was made by Moldtelecom during 2009, MDL55 million of which was ploughed into the deployment of infrastructure for the company’s new IPTV service, MDL156 million was spent on the rollout of a 3G network and MDL153.3 million was invested in the PSTN. The remaining amount was put into fibre-optic cable layout, CDMA network roll out, and information technology.