November 22, 2017

RCS&RDS Wants To Buy UPC

Telecommunications operator RCS&RDS is one step away from buying rival UPC, its fierce rival for over 15 years on the cable market. The transaction could amount to around 300 million dollars. Market sources say that Teszari, who holds 43% in RCS&RDS, is in the process of selecting the investment bank for the financing of this transaction. If concluded, this transaction would fundamentally change the entire Romanian telecom market, which is extremely fragmented and where competition is extremely tight.

Source of the news: Ziarul Financiar (Read More)

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