Romania’s RCS&RDS (Digi) ended 2016 with a net debt of €758 million, or 15% more than a year earlier.
According to ZF, quoting Smaranda Streanga, the company’s financial manager, its total gross debt at the end of 2016 stood at €772.6 million.
Peak payments for the company’s debts are due in 2021 (€151 million) and 2023 (€350 million). It will be require to pay back €27 million this year, €43 million in 2018 and around €60 million in both 2019 and 2020.
Meanwhile, Sergei Bulgac, the CEO of RCS&RDS, said that the company increased investment in 2016, mainly due to the expansion of its mobile network, as well as improvements to its fixed network in both Romania and Hungary.
Investment amounted to €216 million in 2016, compared to €198 million in 2015 and €215 million in 2014.
RCS&RDS is the leading provider of cable and DTH services in Romania and also one of the main players in Hungary’s electronic communications market.