Serghei Bulgac, CEO of Digi Communications, stated: “2024 was a transformative year for DIGI Communications, marked by strong operational and strategic achievements across all our markets. In Spain, we delivered outstanding performance, increasing our market share in one of Europe’s most competitive telecom landscapes, to approximately 10% in both mobile telephony and broadband markets. In Romania, we reached a historic milestone, becoming the second-largest mobile operator, with mobile RGUs growing organically by 13% YoY, while maintaining our leadership in our main segments. At the same time, we launched commercial operations in Portugal and Belgium expanding DIGI’s international footprint, thanks to the remarkable efforts of our teams. On the M&A front, we acquired in Portugal Nowo Communications, also sold a part of our Fiber-to-the-Home network in Spain to a consortium led by Macquarie Capital. These accomplishments translated into strong financial performance, with revenues and other income reaching 2.33 billion euros. We are grateful to our customers across five markets who continue to choose DIGI for high-quality, affordable connectivity services. Their trust fuels our ambition to innovate and expand and we look forward to build on this momentum in 2025.”
In 2024, Digi continued to grow across its entire service portfolio, surpassing 27.8 million in revenue-generating user agreements (RGUs) across Romania, Spain, Italy and Portugal. This marks a 16.4% increase compared to 2023 on an absolute basis. On a like-for-like basis, excluding impact of RGUs that came with acquisition of Nowo Communications in Portugal, the number of clients across the four markets increased 14% year-over-year.
- Digi Communications consolidated revenues increased 14.2% year-on-year in Q4 2024, reaching EUR 516 million. This growth contributed to a total of EUR 1,925 million in consolidated revenues for 2024 based on preliminary figures (+13.9% vs 2023).
- Adjusted EBITDA (excluding the impact of IFRS 16) reached EUR 144 million in Q4 2024, a 3% YoY increase following the expansion of customer base, contributing to the preliminary result for 2024 of EUR 580 million (+14.1% vs 2023).
- The Group saw a substantial increase in the number of revenue-generating units (RGUs) reaching 27.8 million RGUs (+16.4% YoY growth), across the entire portfolio of services – mobile, broadband, Pay TV and fixed telephony services.
Digi Communications N.V. is a public company listed on the Main Market of the Bucharest Stock Exchange.
28.02.2025 / Editor, Andreea Dragan
Andreea Drăgan joined Nine O’Clock in April 2023. She graduated the Faculty of Journalism and Communication Science in 2023 and holds a degree in communications sciences. She obtained the Cambridge Assessment English: First Certificate in English (FCE) diploma in December 2018 with a B2 Level. In August she was promoted to Editor of Nine O’Clock Newspaper after many interviews and articles written by her. Andreea Drăgan, journalist at Nine O’Clock, specializing in Capital Markets and listed companies on the Bucharest Stock Exchange, has been nominated for the “Excellence in Capital Market Journalism in 2024” award at the prestigious BVB Awards, organized by the Bucharest Stock Exchange. Get in touch with her: [email protected]
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