The Competition Council the economic concentration achieved by RCS&RDS following purchase agreements entered in fall 2019.
The condition precedent under the Agreements of obtaining the Competition Council’s authorization is now met; the non-object decision being subject to RCS&RDS complying with the commitments it had offered and that were accepted by the competition authority, the company said in a testament.
Commitments regarding clients will be binding for a period of three years as of the date of the authorization and they mainly refer to the undertaking made by RCS&RDS to upgrade the networks and to provide to at least 95% of the clients communications services of the same technical quality as offered to its existing customers.
RCS&RDS has to offer to all customers the opportunity to benefit from the packages and prices offered by RCS&RDS to its existing customers and refrain from price increases during the three year period under review.
The commitment regarding TV Channel providers is binding for a five-year period as of the date of the authorization. The commitment refers to the undertaking made by RCS&RDS that, in case it does not reach a commercial agreement with any TV Channel provider for inclusion of such channel into its Basic TV Package, then it will offer the provider the possibility to carry such channel as a pay TV offering which shall be provided to customers in exchange for an additional charge. The price of such pay TV channel will be mainly determined by the TV Channel provider.
RCS&RDS posted a net profit of RON344.7 million in 2019, up 125% on the year.