UPC denies possible takeover allegations

Newsroom 18/07/2011 | 16:43

After months of speculation in the media that UPC is in discussions for being taken over by RCS&RDS, an official statement from UPC officials was sent to media outlets, in which the company denies these rumors.

 “Over the last months, there have been many speculations and rumors on the market regarding a possible takeover of UPC by RCS&RDS. We wish to clarify this situation: UPC is not having any type of discussions with RCS&RDS regarding a potential transaction. The only commitment of UPC is in front of its own clients, for offering TV, internet and telephony services at the highest standards,” was the official position of the company.

UPC Romania had a number of 904,200 cable clients at the end of Q1,2011, down 12.78 percent on Q1,2010. The number of TV clients was 1,139,700 which represented a 6.53 percent decrease compared to the same period of 2010. The number of internet clients was 256,200, a 5.60 percent drop on the previous year while landline telephony clients were 144,800, down 5.42 on Q1, 2010.

The total number of subscriptions in UPC Romania was 1,540,700 at the end of Q1,2011, down 6.27 percent compared to Q1,2010.

Otilia Haraga

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