The Romanian company RCS/RDS is likely to raise between $390-540 million (€273.8-379.1 million) at its forthcoming IPO in London next month, according to local sources. RCS/RDS is currently the second largest cable operator in Romania after UPC. It also operates the DTH platform DigiTV, which now covers six countries in CEE. The funds raised by the offering will be used by RCS/RDS to develop its interests in the mobile sector and to expand DigiTV into other markets.
