Romtelecom posts €1.7 mln in losses in Q3

"The drop in income for phone services, combined with volatility of the RON-euro exchange rate and a near doubling of Romtelecom's share in the Cosmote Romania (Ed. n.: mobile phone operator, of which Romtelecom has a 30 percent stake) loss, yielded a net loss of €1.7million," according to a Romtelecom press release.

The operator focused on efforts to retain existing customers, following a client migration to other operators, by halving tariffs for landline phone services, and on securing new customers for internet and digital TV services.

For the first nine months of 2007, Romtelecom's revenue amounted to €649 mln, 2.4 percent lower year-on-year.