Romania’s DTH market could soon see the loss of Boom TV, one of its five platforms.
ZF reports that that UniCredit Tiriac Bank and the Greek companies Eurocom Telecommunications and Energy Networks & Technologies has asked a court to start insolvency proceedings on Israeli-backed DTH Television Group, Boom TV’s operator.
The platform is understood to owe UniCredit Tiriac Bank loans of €16 million and €2.5 million that were obtained in 2008. The main shareholders in Boom TV are Blackdzaar (Cyprus), Elran Investments (Israel) and Sandhirst (Cyprus).
Boom TV is distributed by Amos 2 at 4 degrees West. As of March 2010, it offered subscribers no fewer than 10 proprietary channels (all using the ‘Boom’ brand name) on an exclusive basis, one (Boom Sport One) non-exclusively and 65 retransmitted Romanian and international channels.
The platform currently has around 130,000 subscribers in a market also served by Digi TV (RCS/RDS), Dolce (Romtelecom), Focus Sat (UPC) and Akta (DCS).
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