RCS&RDS boxing Clever with associate upstart?

16 Jul 2014

A newcomer to the Romanian cableco market, Clever Media Network (CMN), which is reportedly associated with domestic giant RCS&RDS, has acquired around 8,000 internet, fixed telephony and cable TV customers from City-Net in Botosani which were previously served by the city operator’s ‘Diginet’ division, reports Ziarul Financiar (ZF). A price for the purchase was not disclosed, although the newspaper added that the Botosani triple-play operation earned revenue of EUR1.4 million (USD1.9 million) last year. In a background article, market sources told ZF that CMN is associated with RCS&RDS, with a business development model comparable to cableco NextGen Communications, which is wholly owned by incumbent telco RomTelecom although operates separately. ‘Clever Media Network is a special project of RCS&RDS, the same type as NextGen,’ said ZF’s source. CMN is led by entrepreneurs Adrian Tomsa and Mircea Lucacel, and the former confirmed to ZF that the transaction with City-Net had been completed, while City-Net director Caesar Ilas said: ‘Clever Media Network confirmed that the company became a shareholder Diginet, which made possible … the partnership with RCS&RDS. This partnership has been the increasing quality of service to customers City-Net.’ Market speculation is that CMN, which has also begun operations in Giurgiu, will continue to launch cable services in various locations ‘in coordination’ with RCS&RDS.

Romania, Romania Cable Systems (RCS&RDS),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share