Strong Hungarian role for RCS/RDS
By Chris Dziadul
November 26, 2009 07.57 UK
Romania’s RCS/RDS is now the second largest provider of pay-TV services in neighbouring Hungary, claiming almost 600,000 subscribers.
According to data published by ZF sourcing an unnamed Hungarian regulator (believed by Broadband TV News to be either the ORTT or NHH), RCS/RDS accounts for a 24% share of a market encompassing 2.5 million pay-TV subscribers, with UPC in first place with 32% and Magyar Telekom’s T-Home with 20%.
RCS/RDS has around 200,000 cable TV customers, while 392,000 take its DTH offer, the latter figure being just over half (53%) of the total DTH subscriber figure in Hungary.
Interestingly, although RCS/RDS only offers a full complement of services (cable, internet, DTH, fixed and mobile telephony) in its home market Romania, it only provides HD services (as of this month) in Hungary.
Separately, RCS/RDS is to hold an extraordinary meeting of shareholders on December 22 to discuss the issue of bonds of a maximum value of $200 million (€133 million).
ZF says the leading shareholder in the company is currently Zoltan Teszari (43%), followed by the investment funds Quadrant (20%) and Epic (5%).
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