RCS&RDS continues expansion
September 27, 2012 07.04 Europe/London By Chris Dziadul
Romania’s RCS&RDS has acquired the company Cobalt IT for a fee believed to be in the region €2.3 million.
According to ZF, Cobalt IT operates iLink, which provides data services to over 23,000 subscribers.
Cobalt IT had a turnover of €3.2 million and net loss of €3.1 million last year, while its debts stood at €25 million.
RCS&RDS, which is the leading cable and DTH operator in Romania, has reportedly taken on iLink’s network and customers, rather than the company itself.
Cobalt IT is the latest in a series of RCS&RDS acquisitions in recent months.
They include Telemach (Piatra-Neamt), Euro Cable (Timisoara) and Kabex Prodcom (Cluj).