Digi boosted by growth in Romania and Spain

Romania-based service provider Digi saw its pay TV base in Romania grow by 15% to five million in the year to June, while the company’s entry into Spain as a challenger brand delivered its engine of revenue growth on the back of strong subscriber acquisitions.

In its domestic market, the operator saw revenue growth of 14.5% year-on-year in Q2, thanks to increases in revenue-generating units. In addition to its five million pay TV subs, the group had 3.5 million internet customers, up 18.9%, and 3.9 million mobile customers, up 11%.

In Spain, where Digi has emerged as a serious market disruptor with a competitively priced mobile offering, the company saw revenues rise by 29% in Q2, with mobile customers growing by 27% to 2.7 million, and its small fixed-line customer base rising by 140% 327,000.

Overall, Digi now has 5.9 million pay TV customers globally, up 600,000, 4.6 million fixed internet customers, up by 800,000, and 7.1 million mobile customers, up by 1.1 million.

Some 61% of the company’s revenues come from the Romanian market, which accounts for 70% of the group’s RGUs. Spain is now Digi’s second largest market, however, accounting for 24% of total revenues.

Overall, revenues were up by 14.4%in Q2 to €355 million, while the global number of RGUs for the group reached 19.3 million, up 15%

Adjusted EBITDA for Q2 was €129 million, up 11.8%.

“We are pleased to present to investors and partners the outstanding financial and operational results of the first half of 2021. We are grateful to our customers for choosing Digi as their telecommunications service provider and for benefiting from our converged service offerings. Our goal is to continue to provide quality services at affordable prices and to invest in the development of fixed and mobile electronic communications infrastructure. We appreciate the professionalism of our teams and their perseverance in ensuring the continuity of services even in times of challenges,” said Serghei Bulgac, CEO.