Romania’s Digi posts solid growth in revenues and RGUs

Romania-based service provider group Digi saw its revenues increase by 13% in Q2 2023 compared to the same period last year, reaching €418.6 million, contributing to a first-half total of €817.2 million, also up 13%.

Adjusted EBITDA reached €125.2 million in Q2, an increase of 24% compared to Q2 2022 on the back of the expansion of the customer base, contributing to a first half total of €238.6 million, up 15%.

Digi said it had achieved substantial growth in the number of revenue-generating units (RGUs) in all three of its markets, reaching 22.4 million, a 16% increase compared to H1 2022.

Digi surpassed 22.4 million contractual revenue-generating units in its three markets – Romania, Spain and Italy, representing an increase of 16 % compared to the same period in 2022.

The Group’s offerings include pay TV, fixed and data internet, mobile and data, and fixed telephony services.

In Romania, Digi offers fixed telecommunications and entertainment services through a fibre network. The group also operates a mobile network in Romania, which uses the core infrastructure of the fixed fibre network.

The mobile segment produces the highest number of RGUs among all the group’s service categories. Continuing the pace of growth from previous quarters, the number of RGUs in this category reached 10 million, an increase of 21% compared to Q2 2022across Romania, Spain and Italy.

In Romania, mobile customers reached 5.4 million RGU, up 19%. Fixed internet services increased by 11% to 4.4 million RGUs, while pay TV (cable and satellite) saw a 6% year-over-year increase to 5.6 million RGUs.

In Spain, fixed, internet and telephony users increased by 68% compared to the same period last year to 1.5 million RGUs. The number of mobile users increased by 25% to 4.3 million RGUs.

In Italy , mobile phone users grew by 11%, reaching 391000 RGUs.

The Group’s subsidiaries in Portugal and Belgium (in association with Citymesh NV) are in the process of developing the infrastructure in order to launch communications services in the future.

Serghei Bulgac, CEO of Digi Communications, said: “The second quarter of 2023 marked another period of significant growth for Digi Communications, with a remarkable evolution both in the markets in which we operate and across all service categories, in line with our estimates. Our dedication to providing state-of-the-art telecommunications services at competitive prices, especially in an inflationary environment, has strengthened our position in both regions and helped increase our market share. Our loyalty programmes in Romania have played a key role in customer retention, while our strategic expansion in Spain looks promising. Encouraged by this momentum, we continue to direct significant capital investment towards improving the mobile network in Romania and further developing our presence in Spain and Portugal, ensuring that Digi Communications’ growth prospects remain strong.”