With the acquisition of Netcity, the company whose main asset is the over 1,000-kilometer fiber optic network in Bucharest, Direct One, part of the group controlled by Romanian entrepreneurs Teofil Muresan and Simion Muresan, cements its position as a network operator for telecom companies and could see its annual revenue double from the 42 million lei (more than EUR9 million) posted in 2015.
Teofil Muresan and Simion Muresan hold the Electrogrup group of Cluj Napoca.
“Direct One S.A. will take over Netcity Telecom, the operator of the underground fiber optic network of Bucharest, following the agreement signed with UTI Netcity Investment BV and UTI Group SA, which own 100% in it. The deal entails the acquisition of 100% by Direct One S.A., an independent and neutral provider of fiber optic infrastructure for telecommunications,” Direct One on Thursday announced.
(English version by Loredana Fratila-Cristescu)