The Romanian incumbent telco Romtelecom has denied reports that it is about to take over the DTH platform Boom TV, which is owned by the DTH Television Group.
In a statement provided to Broadband TV News, Cristina Popescu, general manager public relations at Romtelecom said: “with regard to Boom TV, we can say that, up until now, we didn’t make any offer and we didn’t conclude any takeover agreement, the information published related to this subject being inexact.”
Earlier reports by Mediafax said that Romtelecom entered into talks with the DTH Television Group late last year to buy Boom TV. An audit was subsequently carried out by Boom TV, following which it was valued at €80 million, or €400 per subscribers (it currently has approximately 200,000).
However, Romtelecom was understood to be offering only €250 per subscriber. Romtelecom, which is backed by OTE and Deutsche Telekom, already operates a DTH platform known as Dolce. It has around 600,000 subscribers, while the market leader Digi TV, owned by RCS/RDS, has some 1.1 million.
Focus Sat and Akta, the other players in the Romanian DTH marketplace, have around 140,000 and 85,000 subscribers respectively.