Technology &Telecoms
Telekom Romania Group 1Q Revenue Down 2% To EUR230M, Operating Profit Down 5% To EUR37M
The revenue of Telekom group, formed of former companies Cosmote and Romtelecom, fell 1.7% to EUR230 million in January-March 2017, and its operating profit (EBITDA) fell 5.1% to EUR37 milli...
Banks Pushed Oversubscription Of Digi Shares Through Loans
The biggest sale of shares of a private company in the history of the Bucharest Stock Exchange ended on Wednesday at 5 p.m. Subscription of Digi shares on the retail segment stood at 4.3 bil...
Softelligence Plans To Set Up Several Local Divisions
Romanian business software solutions provider Softelligence has opened a new office in Craiova, called Softelligence Engineering, where it will employ 100 programmers by the end of 2018.
UPC Romania Revenue Grows 6% in 1Q
Cable TV and telecom operator UPC Romania, member of Liberty Global, on Monday reported revenue of RON168.6 million for the first quarter, nearly 6% higher compared with the same period last...
ETA2U Revenue Up 7.6% To RON165M In 2016
Timisoara-based ETA2U, the largest IT integrator outside Bucharest, ended last year with 165 million lei (EUR36.7 million) revenue, up 7.6% on the previous year, according its Finance Minist...
RCS&RDS IPO Attracts A Lot Of Interest From Investors
The initial public offering of telecom, Internet and cable TV operator RCS & RDS has been fully subscribed on the institutional investor segment and 43% subscribed on the retail investor seg...
S&P Upgrades DIGI Communications N.V, RCS&RDS To BB-; Outlook Stable
Standard&Poor’s rating agency has upgraded the ratings of DIGI Communications N.V., parent company of local telecom group RCS&RDS, to BB-, with stable outlook, on the backdrop of solid opera...
Gavril, Axis: Plants, Warehouses And Office Buildings Took Security Camera Market To Over EUR15M
The market of security cameras stood at more than EUR15 million in Romania in 2016, driven by higher demand from industrial and real estate customers, which was even stronger in the first qu...
Network One Distribution 2016 Turnover Up 7% To RON994M
Network One Distribution (NOD), the biggest player on the Romanian IT&C distribution market, controlled by entrepreneur Iulian Stanciu, registered a turnover of RON993.6 million (EUR221.3 mi...