Digi turns in strong growth

Romania-based international service provider RCS&RDS/Digi has posted strong first quarter results, with growth in revenue-generating units, revenues and earnings.

Overall RGUs increased by 13% to 18.7 million. Pay TV numbers in its Romania were up 15.6% to 4.9 million while fixed internet subscribers were up 19.7% to 3.4 million, with total RGUS in the home market numbering 13.1 million. The company also had 3.8 million mobile RGUs, up 9.2%.

In Spain, where RCS&RDS’s local operation offers mobile and fixed internet services, the operator’s mobile voice and data RGU base increased by 23.6% year-on-year to reach 2.5 million. Fixed internet subs grew by 12.4% from a low base to 249,000.

The operator did not break out numbers for Hungary, noting that it was paying attention to developments in that market. In Italy, its MVNO operation grew its base from 230,000 to 268,000 year-on-year.

Overall revenues were up 8.6% to €340.2 million, while adjusted EBITDA was up 6.8% to €122.5 million.

“We are pleased that the results of the first quarter of 2021 have shown a continuous and sustainable growth of our operations. We are grateful to our customers, Digi teams and partners for the opportunity to achieve these results. We continue to adapt, in these difficult times, to address market readjustments due to the pandemic crisis, changing consumer needs, regulatory uncertainty and a lack of social and economic predictability,” said Serghei Bulgac, CEO of Digi Communications.

“Our priority was to strengthen the market positions obtained, to expand the fixed and mobile networks in all our markets, to diversify the offers and the portfolio in order to satisfy the growing needs of our clients. The expansion of our customer base is proof that Digit is the first choice for millions of internet, cable TV, mobile voice and data users.”