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Latest Satellite News Discussion, RCS/RDS seeks more funding at General Satellite News forum; RCS/RDS seeks more funding By Chris Dziadul December 22, 2009 09.50 UK Romanias RCS/RDS is holding an extraordinary meeting of ...

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RCS/RDS seeks more funding - 22-December-2009, 17:40

RCS/RDS seeks more funding

By Chris Dziadul
December 22, 2009 09.50 UK

Romanias RCS/RDS is holding an extraordinary meeting of shareholders today (December 22) to discuss the launch of a bond issue.

According to ZF, it would be worth 200 million and help the company address growing competition from UPC and Romtelecom. The bonds will be valid for a period not exceeding 10 years.

Todays meeting will also discuss, amongst other things, the financial status of RCS/RDS after the first three quarters of this year.

RCS/RDS operates both the largest cable network and leading DTH platform in Romania.



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