Cosmote Romania, the mobile telecom company, has announced that it used a 220 million euro investment to expand its territorial network to about 92% of the country’s population and more than 76% of its territory in record time.
It also announced that it will continue to invest in extending its GSM network to reach over 95% population coverage and over 82% of territorial coverage by the end of the year.
According to the company, the number of Romanian Cosmote clients is rising at a pace of some 15,000 daily. Its current goal is to reach a 98% demographic coverage and 85% territorial coverage, above the current maximum limits of the competing companies, Orange and Vodafone.
In its first seven operational months in Romania, Cosmote reports some 531,600 users and a market share of about 4%. In comparison, Vodafone Romania had over 6.7 million clients by the end of June while Orange reported 7.1 million clients by the end of the first quarter this year.
HotNews.ro, Oct 31, 2006
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