OTE-backed Romtelecom’s TV operations continued to perform extremely well in the first half of the year despite the deteriorating economic situation in Romania.
Competition in the Romanian market is likely to go up a notch next month when the incumbent telco Romtelecom launches a proprietary sports channel.
Romtelecom’s expansion into the cable industry is reflected in the financial results of its subsidiary NextGen Communications.
The costs of receiving triple play services in Romania are now amongst the lowest in Europe if not the world, according to Joerg Zeddies, the executive director of the incumbent telco Romtelecom’s residential unit.
The three-way fight for customers in Romania between RCS/RDS, UPC and Romtelecom continues unabated.
The Romanian incumbent telco Romtelecom will have to sell access to its infrastructure to other companies at 30% less than the current rate, following a decision by the regulator ANCOM.
The Romanian communications market is likely to be radically transformed in the next 2-3 years, according to Ovidiu Ghiman, Romtelecom’s head of strategy and business development.
The Romanian incumbent telco Romtelecom is becoming an increasingly important player in the country’s cable industry.
Cambridge-based set-top developer Amino Technologies has reported record revenues for the half-year ending May 31, 2010.
Romtelecom believes its aim of overtaking RCS/RDS and UPC to become the leading provider of pay-TV services in Romania within the next three years is realistic.