RCS&RDS seeks more funding
11.33 Europe/London, November 1, 2011 By Chris Dziadul
Romania’s RCS&RDS is reported to be in negotiations to secure a loan of €300 million over a period of five years.
According to ZF, the talks involve a number of banks including Credit Suisse, which may be prepared to lend €100 million, Erste, Raiffeisen Bank and CEC Bank, and that the loan would be used to pay off some of the company’s existing debts.
RCS&RDS is the leading cable and DTH operator in Romania and also has pay-TV interests in five other CEE markets.