Romtelecom to expand TV interests

By Chris Dziadul
January 15, 2010 09.20 UK

The Romanian incumbent telco Romtelecom is close to acquiring New Com, a triple play company with 70,000 subscribers.

Quoting industry sources, ZF says that the deal could be worth as much as €14 million, putting the value of each subscriber at up to €200. The high cost may be justified by the fact that New Com’s networks are located in Bucharest and Transylvania, which are affluent parts of the country.

The deal, which is expected to be approved by the Competition Council, will be undertaken by Romtelecom’s cable company Nextgen Communications. Only last year it acquired some networks from Net Com serving a combined total of around 30,000 subscribers.

OTE-backed Romtelecom is already a key player in Romania’s TV industry, principally through its highly successful DTH platform Dolce.