RCS&RDS (Digi) is preparing for a listing on the Bucharest Stock Exchange, with investors set to sell 20-30% of shares in the company.
RCS&RDS (Digi) has no competition in almost half the area covered by its fixed network in Romania.
RCS Management, the company through which Zoltan Teszari controls Romania’s leading pay-TV operator RCS&RDS, plans to acquire up to 21,000 of its owns shares for over €23 million.
Romania’s leading cable and DTH operator RCS&RDS (Digi) now has over 3 million subscribers for its Digi Mobile service.
Romania’s RCS&RDS (Digi) had revenues of €156.3 million in the third quarter, or 13.6% more than in the same perido last year.
Cable Communications Systems, the parent company of Romania’s RCS&RDS (Digi), had an operating profit of €20.6 million in the third quarter.
Romania’s RCS&RDS plans to invest over €200 million a year, with the main objective being growing its mobile business.
Romania’s RCS&RDS does not need to borrow any more money at this stage for its projects, according to Sergei Bulgac, the company’s CEO.
Orange Romania grew its TV subscriber base by 75.4% in 2015, ending the year with 275,000.
Digi CZ, the operator of the Czech DTH platform Nova Digi TV, plans to launch an internet TV service this summer.