UPC Romania’s stockholders decided in December 2012 to increase the share capital by RON478.5 million, to RON1.99 million, through the reconversion of a debt towards its partner, the Nederland’s UPC Romania Holding BV, majority owned by Liberty Global.
Following this operation, UPC Romania Holding BV holds 99.77% in UPC Romania’s share capital, while UPC Central Europe Holding BV owns a 0.12% stake and Zomerwind Holding BV, 0.11%.
Mid-December 2012, Focus Sat’s share capital was increased by RON102.73 million, to RON107.14 million, by compensating a debt to UPC Romania.
Focus Sat Romania was established in 2004 by five Romanian natural persons–Cristian Burci, Cristinel Popa, Bogdan Dragoi, Adrian Cojocaru and Valeriu Ionescu.
In May 2005, Liberty Global bought 50% in Focus Sat, while one year later bought the entire stake in the company.
UPC Romania entered the local market in 1992 and it is affiliated to UPC Broadband, the European unit of US group Liberty Global.
End-September 2012, UPC Romania had 1.67 million subscribers and reported revenues of $97.1 million.
UPC Romania’s major competitors are RCS&RDS and Romtelecom.