Romania’s RCS/RDS, one of the leading providers of TV services in the CEE region, has provided unusually frank insights into its financial performance and business strategy.
Romania’s leading cable and DTH operator RCS/RDS has postponed the sale of bonds on foreign markets totalling $200 million (€146.7 million).
Romania’s RCS/RDS will try to improve its low level of liquidity through the sake of bonds worth $200 million (€146.1 million) on foreign markets.
Romania’s RCS/RDS has extended an offer giving clients any new service they opt for free of charge for the first three months until the end of March.
Romania’s TV market is about to become even more competitive, with RCS/RDS, its leading cable and DTH operator, set to add HD channels to its offer.
Romanian RCS/RDS-owned Digi Telecommunications has acquired a 30% in the Hungarian cable operator TvNetWork for an undisclosed fee.
Romania’s RCS/RDS is holding an extraordinary meeting of shareholders today (December 22) to discuss the launch of a bond issue.
Romania’s RCS/RDS is now the second largest provider of pay-TV services in neighbouring Hungary, claiming almost 600,000 subscribers.
The Romanian telco RCS/RDS has embarked on a rare TV advertising campaign in order to attract more subscribers.
Romania’s cable industry could be about to enter a period of consolidation, with AIG-backed Digital Cable Systems (DCS) playing a key role.