August 21, 2014 8:51 PM ET

Diversified Telecommunication Services

Company Overview of Romtelecom S.A.

Company Overview

Romtelecom S.A., a telecommunications provider, offers fixed line communication solutions in Romania. The company offers data, broadband Internet, digital TV, and voice termination and transit services, as well as ethernet services and IP VPNs. The company serves small and medium companies, and large companies and public sector. The company was formerly known as Rom-Post-Telecom and changed its name to Romtelecom S.A. in July, 1991. The company was founded in 1989 and is based in Bucharest, Romania. As of March 31, 2003, Romtelecom S.A. operates as a subsidiary of OTE International Investments Ltd.

Piata Presei Libere nr. 3-5

Cladirea City Gate

Turn Nord, sector 1

Bucharest,  013702

Romania

Founded in 1989

Phone:

40 21 400 5682

Fax:

40 21 400 5643

Key Executives for Romtelecom S.A.

Chief Executive Officer
Chief Financial Officer
Chief Technology and Operations Officer
Chief Strategy and Commercial Residential Officer and Commercial Director
Age: 37
Chief Information Officer
Age: 49
Compensation as of Fiscal Year 2014.

Romtelecom S.A. Key Developments

RomTelecom Reports Earnings Results for the Second Quarter and First Half Ended June 2014

RomTelecom reported earnings results for the second quarter and first half ended June 2014. For the quarter, the company reported operating income fell 37.1% to EUR 4.4 million while revenues totalled EUR 149.7 million, up 0.7% on the year. The revenue growth was driven by significant revenues from large-scale information and communication technology projects and higher wholesale traffic. For the first half, the company reported operating profit dropped 67.7% on the year to EUR 6.5 million. Revenues rose 4.1% on the year to EUR 306.4 million through June.

Romtelecom and Cosmote Romania Win National Broadband Network Contract

Romania's Ministry of Communications and Information Society of Romania (MSRI) awarded Romtelecom and Cosmote Romania a contract for the construction of the national Ro-Net telecommunications network for disadvantaged areas. The contract is worth RON 365.8 million (VAT included).

Romtelecom Enters Wi-Fi Partnership with Fon

Fon and Romtelecom announced a partnership to offer Romtelecom customers free access to WiFi hotspots in Romania and to almost 13 million WiFi hotspots abroad. All Romtelecom internet customers with a compatible router (currently Huawei HG 658) can become Fon members for free.

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