Technology &Telecoms
Nica: Without Restructuring Plan, Posta Romana Will Go Under
The board of Romanian state-owned postal operator Posta Romana will discuss Friday a plan to restructure the company and avoid bankruptcy, entailing a new organization, and the sacking of 10...
Romania’s Revenues From Internet Access Services Up 4% In 2011, To RON2B
Romanian operators’ revenues from internet access services reached 2 billion lei (EUR454 million) last year, up 4% from 2010, and accounted for 13% of the local telecom market, according to...
Ponta Calls For Financial Checkups At Two State-Run Companies
Romanian Prime Minister Victor Ponta on Wednesday said he will ask the Government Control Body to check on the situation at state-run postal company Posta Romana and state-run Agency of Stat...
UPC Romania 1Q Revenue Down 6.4% To $33.4M
Revenue of cable operator UPC Romania fell 6.4% to $33.4 million in the first quarter of 2012 compared with $35.7 million in the same period a year ago, parent company Liberty Global said in...
Razvan Badalicescu, Former Head Of Citi’s Corporate Operations, Leaves RCS&RDS
Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS only a few months after joining the company's...
Cosmote Romania 1Q Revenue Up 9.4% To EUR117.4M
Revenue of mobile operator Cosmote in Romania climbed 9.4% in the first quarter of 2012 compared with the same interval a year ago to EUR117.4 million, and its EBITDA increased 44.7% to EUR2...
Romtelecom 1Q Revenues Down 3.7% To EUR160.2M
Romanian telecom operator Romtelecom posted a 3.7% drop in revenues in the first quarter of the year to EUR160.2 million, and its earnings before interest, tax, depreciation and amortization...
Euronet Paid $18 Million To Buy Payment Processor PayNet
Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads.
Siemens CEO: We Can’t Replace Everything With Wind And Solar Power
Peter Loescher, chairman and chief executive officer of Siemens, believes that despite the growth of the green power sector, coal and natural gas will be used for a significant part of energ...