The Romanian cable operator Digital Cable Systems (DCS), along with its sister company AKTA Telecom, had a combined turnover of RON199.48 million (€45.10 million) in 2014.
This, according to ZF, was 17% more than the total posted a year earlier.
Although DCS accounted for the lion’s share of the turnover – RON176.9 million, or 5.6% more than a year earlier – AKTA Telecom’s grew by 750% over the same period from RON2.6 million to RON22.5 million.
At the same time, DCS also had a net loss of RON9 million in 2014.
Commenting on the results, CEO Dinu Malacopol said that they were generated by sustained investment growth in its network.
He added that it aims to continue in the same vein this year, launching new products and using synergies with its current business.
DCS, which uses the brand name AKTA, is one of the leading cable operators in a Romanian cable market dominated by RCS&RDS and UPC.
It also used to have a presence in the country’s satellite TV market before disposing of its platform.
As previously reported in Broadband TV News, DCS’s owners Pinebridge recently turned down bids for the company from both UPC and Vodafone.
These amounted to around €100 million, or only half what the investment fund was seeking.