The Romanian cable operator Digital Cable Systems (DCS) has decided to undertake major restructuring by October 1.
ZF reports that this will see the company merge four companies – Cable Net, Canad Systems Group, Parlatel and Marnisat Media, in each of which it already holds a 99% stake – into its own operation.
The four companies have a combined turnover of RON7 million (€1.53 million) and DCS believes the move will both reduce administrative costs and simplify the decision-making process.
DCS, which operates under the brand name AKTA, is itself majority owned by Polynifin BV – Olan-da (56.97%), with other leading shareholders being Intex Prim Universal (8.18%), Intex Prim (6.57%) and Girexim Universal (6.42%).
It secured a loan of €15 million from the EBRD in April this year to expand its digital TV and broadband services.