“We took out a funding extension to continue development along the same strategy. The money will be used for expansion, it’s development CAPEX used solely for expansion of the network, the fiber optic network mainly (to serve both analog and digital video and data and telephony) and we want to provide to existing and future customers new services I won’t talk about now,” Malacopol said.
“This is what the entire market is doing. The money is for upgrades, so we are pushing fiber closer to customers in areas where we are already present but we are expanding such technologies as Fiber to the Home and GPON. We are also making significant investments in the customer relationship quality.”
Digital Cable System’s total investment project will be worth up to EUR28 million, according to the data released by EBRD and cited by Mediafax. EBRD had previously granted DCS a loan for its expansion and conversion of analog network to digital transmission.
The group posted 199.48 million lei (EUR45 million) revenue last year, an increase of 17% on the previous year. The most important company of the group, Digital Cable Systems posted RON176.9 million revenue in 2014, up 5.6% on 2013 and RON9 million net loss. It had 1,353 employees, 91 fewer than in 2013. The other company, AKTA, saw 750% growth from RON2.6 million in 2013 to RON22.5 million last year. (EUR1=RON4.4235)
(English version by Loredana Fratila-Cristescu)