Vodafone Romania had a 60% share of subscription contracts at the end of the quarter, compared to only 47% a year ago – the latest Vodafone Group reports. In concrete terms, more customers preferred to sign a subscription with the phone operator than to remain prepaid SIM users. Against the backdrop of this development – where customers have found a Vodafone subscription to have significantly greater benefits than a prepaid sim card or deals from rival telecommunication companies – Vodafone revenue is growing. The average monthly revenue per customer (ARPU) for subscription contracts segment rose by 2.5% to €8.8. There is a spectacular percentage increase in ARPU for prepaid deals, where Vodafone recorded an increase of 39.7%. Mobile data consumption on Vodafone’s network totaled 227,644 TB of data in the last reported quarter, up 11 percent year-on-year. In multiple press statements, Vodafone Romania’s management emphasized that the entire company is in a process of transitioning from a telco to a major IT&C player, with Vodafone being an integrated provider of IoT and ICT solutions. In addition, every year, Vodafone Romania invests over €200 million in 5G infrastructure development. Vodafone has the largest 5G network in Europe. Vodafone has been present in Romania since 1997. Over the years, the operator has invested in innovation and is the first to provide GPRS (2001), 3G (2005), 4G (2012) and 5G (2019) services. Vodafone Romania’s firsts on the local market include the first call center service (1997), the first corporate foundation (1998), the launch of SMS, data and fax services (1998), the first automatic speech recognition system (2014) and the first NB-IoT network (2018). Since 2019, Vodafone Romania has become a converged services operator. Vodafone Romania is a subsidiary of Vodafone Group, one of the world’s leading telecommunications and technology service providers, with extensive experience in communications, convergence and Internet of Things (IoT), and digital transformation.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
