The larger of the two companies, DCS, posted RON172.2 million revenue, down 3%, according to Finance Ministry data.

The group, whose majority shareholder is American-Asian global asset manager Pinebridge, ended 2015 with 1,837 employees compared with 1,806 at the end of 2014 and net losses reached RON12 million, compared with RON9 million in 2014.

AKTA is the most important independent asset up for sale on the cable TV service market and operates especially in rural areas and small cities, where its network hardly overlaps with rivals RCS&RDS, UPC and Telekom’s.

The latest industry estimates put the number of AKTA cable TV, Internet and landline telephony subscriptions at about half a million. The company also plans to start offering mobile phone services via a mobile virtual network operator to have the full fixed-mobile service package available.

The leading cable TV service providers in Romania are RCS&RDS, UPC and Telekom. (EUR1=RON4.5063)