Romania’s leading pay-TV company RCS&RDS has posted an unexpected loss for 2010, having made a net profit of RON211 million (€50.17 million) only a year earlier.
Romtelcom, the fast-rising star in Romania’s pay-TV industry, has become a takeover target for not only Deutsche Telekom-backed OTE but also RCS&RDS. The Romanian communications minister Valerian Vreme has revealed that the operator of Digi TV has put in a bid for the 45.9% of Romtelecom currently owned by the state.
Romania RCS&RDS has secured two financing agreements worth a total of $368 million (€264 million).
BELGRADE BUSINESS BREAKFAST: The Romanian multimedia company RCS&RDS, which has a presence in the DTH and cable markets of several Central and East European markets through its Digi operations, has revealed its plans for a next generation set-top box.
RCS&RDS is reported to be close to acquiring UPC Romania from Liberty Global for a fee of around $300 million (€217.8 million). Quoting market sources, ZF says that the entrepreneur Zoltan Teszari, who holds a 43% stake RCS&RDS, is in the process of selecting the bank to finance any possible deal, having already held talks […]
A new front has opened up in the war between the leading providers of pay-TV services in Romania. It will see RCS/RDS go head to head with the incumbent telco Romtelecom in the provision of IPTV services in what is still a very underdeveloped market.
Romania’s leading cable and DTH operator RCS/RDS will launch a new subscription movie channel tomorrow (February 1).
UPC has upped the ante in its fight with RCS/RDS and Romtelecom in Romania. At the same time, Digital Cable Systems (DCS) has secured funding to help in its expansion plans.
Consolidation in Romania’s cable industry is gathering momentum, with RCS/RDS and Romtelecom competing strongly to snap up a number of small operators.
The fierce competition between RCS/RDS, Romtelecom and UPC in Romania is not just confined to ruthless price-cutting.