Romania’s RCS&RDS (Digi) ended 2016 with a net debt of €758 million, or 15% more than a year earlier.
Romania’s Digi has announced plans to launch an IPO on the Bucharest Stock Exchange in May.
Romania’s leading pay-TV operator RCS&RDS attracted more mobile customers from other companies than other providers in the first three months of this year.
RCS&RDS (Digi) plans to invest the same amount (€210 million) this year as in 2016, according to Serghei Bulgac, the company’s CEO and chairman of the board of directors.
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.
Discovery Communications has reached an agreement with RCS&RDS that both extends the distribution of Eurosport and sees the return of Discovery Channel to Digi TV four years after its withdrawal.
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.