Romania’s RCS&RDS plans to invest over €200 million a year, with the main objective being growing its mobile business.
Furthermore, according to its CEO Serghei Bulgac, quoted by ZF, the company does not anticipate any increases in subscription fees.
Bulgac added that RCS&RDS, which operates under the brand name Digi, still sees room for growth in both the fixed and mobile sectors in Romania without making acquisitions.
It currently allocates over 80% of its investment budget to its home market, where it is the country’s leading provider of cable and DTH services.
Romania also provides 72% of its revenues.
RCS&RDS had revenues of €405 million and an operating profit of EBIDTA €130 million in the first half of this year.
Last month, it raised €350 million through a bond issue and secured a syndicated loan of RON1.7 billion.
Bulgac also said that the company plans to reduce its level of debt over the coming years.
