Romania’s Digital Cable Systems (DCS) has secured a new €10 million loan from the European Bank for Reconstruction and Development (EBRD).

According to the bank, it will be used “to finance capital expenditure, to help the company extend and upgrade its cable TV and Broadband networks, as well as increase the penetration of digital and internet services within its footprint”.

It adds that DCS, which operates under the brand name AKTA, “is also planning to launch new services for its customers, in line with the latest market developments, as part of the current development strategy”.

DCS was established in 2005 and currently operates triple play networks in over 2,800 localities in 29 of Romania’s 41 counties.

It is owned by the private equity fund PineBridge New Europe Partners, in which the EBRD is also a limited partner.