UPC paid EUR140 (excluding VAT) per subscriber; Eniasan had 20,000 customers on the date the deal was closed, the sources added.
UPC did not comment on the information by press time.
The cable TV provider based in Motru, covers about 30 towns in Gorj and some 120 in Mehedinti.
Eniasan, held by Alexandru Enescu and Cornelia Enescu, was established in 2001 and posted 6.8 million lei (EUR1.47 million) revenue and RON0.7 million net profit in 2016, when it had an average number of 38 employees. Debt on December 31, 2016 stood at RON0.75 million. Revenue was up on 2015, according to Finance Ministry data.
UPC has stepped up its network development efforts either through acquisitions or by building its own infrastructure in the last few years. It overshot the 3 million household mark in the third quarter this year. (EUR1=RON4.6210)
(English version by Loredana Fratila-Cristescu)