Digi owner secures more funding
11.40 Europe/London, December 1, 2011 By Chris Dziadul
Romania’s leading cable and satellite platform operator RCS&RDS has secured a loan of up to €300 million.
Quoting data published on November 29 by the country’s Electronic Archive of Security Interests, ZF says that an agreement was signed by the company with BCR, CEC and Credit Suisse a week earlier and that €200 million of the money has already been granted.
BCR has provided €100 million, CEC €25 million and Credit Suisse €75 million of this initial amount, with interest being charged at 5%.
Aside from its home market, RCS&RDS has a presence in five other CEE countries through its Digi DTH platform and – in the case of Hungary and Slovakia – also its cable operations.