RCS/RDS seeks more funding

By Chris Dziadul
December 22, 2009 09.50 UK

Romania’s RCS/RDS is holding an extraordinary meeting of shareholders today (December 22) to discuss the launch of a bond issue.

According to ZF, it would be worth €200 million and help the company address growing competition from UPC and Romtelecom. The bonds will be valid for a period not exceeding 10 years.

Today’s meeting will also discuss, amongst other things, the financial status of RCS/RDS after the first three quarters of this year.

RCS/RDS operates both the largest cable network and leading DTH platform in Romania.