For the full year 2024, according to the preliminary estimates, the Group registered €1,925 million in consolidated revenues in 2024, a 13.9% increase compared to previous year. Adjusted EBITDA increased by 15.8% compared to the result from 2023, reaching €685 million. Adjusted EBITDA excluding the impact of IFRS 16 increased 14.1% year-on-year to €580 million.
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. 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.
The mobile division stands out for generating the most revenue-generating user agreements (RGUs) within the Group's array of services, accounting for 48% of the overall RGUs across the four markets. Maintaining its momentum from past quarters, in Q4 2024, the mobile segment saw its RGUs climb to 13.2 million, a 22% increase, covering mobile telephony clients across Romania, Spain, Portugal and Italy.
In Romania, the mobile service segment reached 6.6 million RGUs, an evolution of 13% compared to 2023. Broadband services registered an increase of 6.9% in 2024, compared to 2023, up to 4.9 million RGUs, while the segment of Pay-TV services (cable and satellite) increased by 3.3% compared to 2023, up to 5.9 million RGUs. Together with fixed-line telephony, the total number of RGUs in the Romanian market amounted to 18.2 million customers as of 2024 year-end, a 7.2% increase versus 2023.
Spanish operations continued to perform outstandingly in 2024, with the number of users of fixed services, internet, and mobile telephony increasing by 30% compared to 2023, to 8.4 million RGUs. Mobile users increased by 25.7% to 5.9 million RGUs, while broadband users increased by 42.1% to 1.95 million. As of the date of this report we exceeded two major milestones: 2 million broadband customers and 6 million mobile users.
In Italy, mobile users increased by 16.7% YoY, reaching 490k RGUs as of the end of 2024.
In Portugal, Digi Communications launched commercial operations on November 4, 2024, offering a full range of telecommunication services, including fiber optic broadband internet, mobile voice and data on 2G/4G/5G networks, television, and fixed telephony. Digi Portugal developed a modern fiber optic infrastructure and a national mobile network from scratch, leveraging state-of-the-art technologies to provide high-quality, affordable solutions. Moreover, the Group also finalized in Q4 2024 acquisition of Nowo Communications, the 4th player on the Portuguese telecom market, results of which are consolidated as of November 2024. Consequently, as of the end of 2024, Portugal operations encompassed 676k RGUs, of which 321k were mobile and 127k were broadband users.
In Belgium, our joint venture with Citymesh started commercial operations on December 11, 2024. The company launched broadband internet services on its own fiber network and mobile voice and data services, DIGI Mobile Light, with a commitment to transparent pricing – free from hidden fees or periodic increases.
