Quarterly Key Data Report Q3 2025

 

• In the first three quarters of 2025, compared to the same period last year, there was an increase in investments in fixed assets in both the fixed and mobile networks. As expected, investments in VHCN networks increased the most, with over EUR 90 million invested in them in the observed period of 2025.

 

• In the first three quarters of 2025, total revenues from services in the electronic communications market amounted to EUR 1,392 million, an increase of 4,60 percent compared to the same period last year. Revenues from mobile networks services are 4.20 percent higher, and revenues from fixed networks are 5.45 percent higher.

 

• By the end of the third quarter of 2025, the migration of subscribers to fiber networks continued, resulting in an increase of 115.958 fiber broadband lines compared to the previous year, while the copper broadband lines decreased by 76.282. The total number of fiber broadband lines reached 439.935.

 

• The number of VHCN broadband lines reached 592.173, representing 50.22 percent of the total 1.179.126 fixed broadband lines. Moreover, the share of broadband lines with speeds above 100 Mbit/s, regardless of the technology, amounted to 52.86 percent, while the share of connections with speeds above 300 Mbit/s is 39.21 percent.

 

• The trend of declining usage in the landline telephone service continues, with outgoing traffic and revenues down by approximately 16 percent compared to the same period last year. The number of users decreased by less than 1.3 percent, and the number of connections by a negligible 0.1 percent, confirming the ongoing trend of gradual abandonment of this service. In the mobile telephone service, revenues increased slightly by 2 percent, alongside a 6,1 percent growth in the number of users, while outgoing traffic continues to decline, as does the sending of SMS and MMS messages. This trend is particularly evident despite the quarter covering the peak of the tourist season (July - September), due to the continued shift of users to OTT services.

 

• The total number of pay-TV connections shows a slight increase, although connections across all technologies except the own OTT service declined by around 5 to 12 percent, depending on the technology. As in previous periods, the own OTT service recorded the highest growth, with connections up by 66,6 percent and revenues increasing by 94,8 percent. Total revenues from pay-TV services in the third quarter amounted to 38,6 million euros, with a total of 937.862 connections.