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Latest Satellite News Discussion, Romanian Boom TV secures funding at General Satellite News forum; Romanian Boom TV secures funding By Chris Dziadul December 8, 2009 08.02 UK DTH Television Group, the operator of the ...

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Romanian Boom TV secures funding - 08-December-2009, 11:40

Romanian Boom TV secures funding

By Chris Dziadul
December 8, 2009 08.02 UK

DTH Television Group, the operator of the Romanian DTH platform Boom TV, has secured the backing of the Israeli company Eurocom Networks & Technologies.

According to ZF, news of a loan, which was contracted in late October and the size of which is unknown, is contained in company records. It is likely to be used to fund DTH Television Groups debts and operations.

The former amounted to 74 million last year, while net losses stood at 33.7 million, or double its revenues.

DTH Television Group, which is based in Israeli, faces strong competition from the operators of Romanias four other DTH platforms, headed by RCS/RDS (Digi) and Romtelecom (Dolce).

It has been rumoured in Israel that Eurocom Networks & Technologies may be about to buy Boom TV.



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