By Editor on August 15, 2006 · Leave a Comment
Mobile operator Cosmote has submitted an offer for a 3G licence to the Romanian general inspectorate for ICT (IGCTI). The company expects to hear by 15 October whether its application was successful. The licence costs around USD 35 million, while Cosmote has already budgeted for the associated network capital expenditure. Cosmote launched services in Romania in December 2005 and has around 535,000 customers and network coverage of 90 percent of the population. Rivals Orange and Vodafone already launched 3G services earlier this year in Romania.
Source- http://www.telecompaper.com
Technorati : 3G, Cosmote, Mobile, Operator, Romania
Ice Rocket : 3G, Cosmote, Mobile, Operator, Romania
By Editor on August 1, 2006 · Leave a Comment
Southeastern Europe mobile operator Cosmote has reported second-quarter revenues up 31.6 percent from a year ago to EUR 540.7 million. EBITDA increased 13.5 percent to EUR 203.6 million, while net profit slipped 2.9 percent to EUR 81.5 million. Cosmote attributed the drop in net profit to higher depreciation and financing charges from expanding its operations, as well as losses from its recently re-launched Romanian operation, which had a net loss of EUR 26 million in the quarter. Cosmote said it expects to complete the earlier announced acquisition of telecom retailer Germanos in the fourth quarter.
Source- http://www.telecompaper.com
Technorati : Cosmote, EBITDA, Mobile, Romania
Ice Rocket : Cosmote, EBITDA, Mobile, Romania
Filed under Mobile ·
Tagged with Acquisition, Charge, Charges, Cosmo, Cosmote, Depreciation, Eastern, Eastern Europe, EBITDA, Expand, Germanos, Launched, Losses, Net Loss, Net Profit, Oman, Operations, Profit, Report, Retail, Retailer, Romania, Romanian
