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.
RCS&RDS is on track to post a turnover of over €700 million this year.
Romania’s RCS&RDS will significantly enhance its fixed internet offer from this Friday, October 21.
The two bond issues by Romania’s RCS&RDS’s in London have attracted huge interest.
Cable Communications System (CCS), the parent company of Romania’s RCS&RDS is set to launch two bond issues worth €375 million and RON1.43 billion (€317 million).
Shareholders at Romania’s RCS&RDS have approved plans to borrow up to €800 million to restructure the company’s debts and for other purposes.
Romania’s leading cable and DTH operator RCS&RDS will hold a general shareholders’ meeting on October 3 to discuss securing up to €600 million in new funding.
Romania’s RCS&RDS has called an extraordinary AGM for its shareholders on September 23.