Romania will need to invest billions of euros in infrastructure in order to reach the third stage of internet development and meet EU targets for 2025.
According to Robert Redeleanu, CEO of UPC Romania and UPC Hungary, quoted by ZF, achieving this will depend on the attitude of the authorities. Indeed, the involvement of local and central authorities will be critical as the necessary investments in Romania in the next 10-15 years will be enormous.
Specifically, Redeleanu called for the state to provide a favourable environment for investment and to not oppose consolidation in the electronic communications market, either through mergers or acquisitions.
As previously reported by Broadband TV News, Romanian telcos planned to invest a total of over €500 million on upgrading their infrastructure this year.
UPC Romania was set to spend some €50 million, both in 2017 and in subsequent years.