Summary

  • Wholesale revenue excluding legacy services rose 13% year on year in Q3 2026; Orange Polska attributes the increase to fibre access and data-transmission contracts after its national roaming agreement ended.
  • Its reported total wholesale revenue was PLN 463 million, against PLN 436 million a year earlier; the 13% figure belongs to the narrower, legacy-excluded measure.

The old roaming contract has left the building. Wholesale revenue, rather inconveniently for anyone expecting a dramatic exit, kept growing. Orange Polska reported a 13% year-on-year increase in Q3 wholesale revenue excluding legacy services, crediting wholesale fibre access and data-transmission contracts with offsetting the end of its national roaming agreement.

That sentence contains two different numbers hiding in one business line. The report’s table shows total wholesale revenue of PLN 463 million for the quarter, up from PLN 436 million in Q3 2025. The 13% growth rate applies to revenue excluding legacy services, not to that total. Treating them as interchangeable would give the departing contract credit for a growth rate the company assigns to what replaced it.

There is a useful operational clue in the customer table. Wholesale fibre bitstream customers reached 274,000 in Q3, from 251,000 in Q2; all bitstream customers rose from 297,000 to 317,000. These are access lines, not revenue, and the report does not provide a price-per-line bridge. They do show the access base expanding while the roaming revenue stream is gone.

This is wholesale’s quiet trick: a network earns money twice when its owner can sell capacity to other service providers as well as retailing service directly. The contract mix is changing from a large named roaming arrangement toward fibre access and data transport. That shifts the question from “what replaces the roaming cheque?” to “how much recurring demand can the access network carry, at what margin, and with what investment behind it?”

The report does not publish the wholesale margin or separate the recurring fibre-access contribution from project-based data-transmission contracts. So the 13% headline is a useful sign of demand, not a complete unit-economics account. The customer counts make the fibre story more tangible; the missing price and margin bridge keeps the profitability story unfinished.

Source: Orange Polska Current Report 18/2026.