Further financial details have begun to emerge about Romtelecom’s re-entry into the Romanian cable market.
According to ZF, the deal resulting in the telco securing networks from New Com serving 70,000 subscribers will see the latter’s general manager Mircea Lucacal obtain €220,000 for his 5% stake and Capital Partners €50,000 for their 3.6% stake.
Romtelecom’s subsidiary Nextgen, along with RCS/RDS, initially acquired networks from New Com serving at total of 60,000 subscribers in the first half of last year.
The latest deal, though announced late last year, has yet to receive approval from the Competition Council and is believed to be worth around €14 million.
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