Romania’s RCS&RDS has taken over a cable operator in the city of Baia Mare.
Quoting a document in the Official Gazette (Monitorul Oficial), ZFreports that TVS&RDS already held a 51% stake in Canal 7 but has now acquired the remaining shares from Majoros Andrei Csaba for an undisclosed fee.
It adds that Canal 7’s customer base and entire infrastructure will be transferred to a new company that will be established by the end of the year.
RCS&RDS is the leading cable and DTH operator in Romania and also has broadcast interests in other CEE markets, chiefly Hungary.
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