The Romanian regulator ANCOM has accumulated a surplus of €200 million that it plans to invest on projects in the country’s telecom market.
Quoted by ZF, its president Sorin Grindeanu said that it has no intention of holding this money and behaving like a bank. Rather, it will use the funds, which it has built up over several years, to boost the market.
He added that the projects set to benefit would be chosen in consultation with the government and IT Committee of the Chamber of Deputies.
ANCOM currently obtains most of its funding from spectrum fees.
Grindeanu said it also has the power to impose monitoring fees but chooses not to do so as it is in surplus.
