“The contract you have with Cobalt IT S.R.L. (iLink) will be taken over by RCS & RDS, which gets all the rights and takes on all contractual obligations,” according to the notification to clients posted on iLink’s website.
In this transaction RCS&RDS is said to have taken over more than 23,000 clients for the company’s data services and network, and the value of the transaction is said to amount to EUR2.3 million, according to market sources.
Representatives of the two companies have not made any further comments apart from the announcement posted on the iLink website.
RCS&RDS has in the past year taken over the client base of several companies among which BitZone (Gaesti, Dambovita), Telemach (Piatra-Neamt), Euro Cable (Timisoara) and Kabex Prodcom (Cluj).
Cobalt IT last year had a turnover of EUR3.2 million, net losses of EUR3.1 million and debts of EUR25 million.
RCS&RDS has not taken over the company, just the network and the clients.
(English version by Daniela Stoican)