PCNET expects operating income

PCNET Data Network estimates to post 7 – 10 million euro turnover this year, while EBITDA will amount to 1.2 million euros, chairman Mihai Batraneanu said.

“Attaining the 10 million level is up to the trend of the voice segment, as the conclusion of an agreement with a major European telecommunications operator may give a substantial boost to our results. The impact of the telecommunications market deregulation in Romania on PCNET was positive, exceeding our estimates for the first half this year by far,” Batraneanu added. #leadend#

The company logged 3.2 million euro turnover for last year, compared with 1.8 million euros in 2001. “As for profitability, our company posted losses in 2001, but broke even in 2002,” Batraneanu said.

PCNET, one of the leading Internet and data service providers in Romania entered the voice services market on January 1, 2003 and uses the Voice over Internet Protocol (VoIP) technology to provide such services, as it allows charging significantly lower tariffs for international calls. “Our surveys have shown PCNET can compete on the international calls segment, which explains the strategic orientation of our company towards this market segment. We sold more than 100,000 prepaid cards for international calls in the first half, while the number of call minutes actually used in our network exceeded three million,” PCNET’s chairman said.

Batraneanu added more than 600 companies had become clients of PCNET’s international calls services and benefited from the Business Voice solution.

PCNET Data Network was established in 1993 as one of the first Internet Service Providers in Romania.