“Romania is one of the leading countries in the world in terms of high speed internet access in larger cities. However, fixed broadband internet penetration is still low in Romanian regions and rural areas,” the bank noted in the news release, adding that the local pay TV market is highly fragmented.
The loan will be used by Digital Cable Systems in its extension of high quality cable TV services, including digital TV, and broadband internet in underserved regions.
DCS is currently active in over 2,000 towns and cities across 23 of the 41 counties. The company was founded in 2005 and it is owned by private equity fund PineBridge New Europe Partners, where the EBRD holds stock.