Thus, UPC Romania, member of Liberty Global group, is adding approximately 20,000 subscriptions to its already existing 1.971 million.
The acquisition is part of UPC Romania’s strategy of expansion on the local market. The company’s strategy focuses on organic growth and expansion, as well as acquisitions. Thus, in the first half of the year, UPC bought TV and internet providers Tita & Company and Green Zone in Prahova county and Olcab and Century Net in Suceava county.
In June, UPC Romania had 1.192 million clients and 1.971 million subscriptions.
UPC Romania posted a 10.8% decline in revenue in the first half of 2015, to $77.6 million, from $87 million in the same period last year, following a strong appreciation of the U.S. dollar, while in Romanian lei, its net revenue rose 11%.
The Romanian operator is affiliated to UPC Broadband, Liberty Global’s European division.
Novasat reported net sales of RON5.66 million and a profit of RON453,900 in 2014, compared with RON4.87 million sales and 613,200 net profit a year before.