Concerns mount for RCS&RDS
11.38 Europe/London, July 11, 2011 By Chris Dziadul
Romania’s leading cable and DTH operator RCS&RDS is facing two financial headaches.
According to ZF, the company, along with Orange, Vodafone and Cosmote, is currently being investigated by the Competition Council (CC) into possible abuses of its dominant position in the mobile market.
Although such investigations by the CC can typically take up to two years, companies risk being fined anything between 0.5% and 10% of their annual turnovers.
Separately, Financiarul reports that the Antena Group, one of the leading broadcasters in Romania, is suing RCS&RDS for €60 million.
11.38 Europe/London, July 11, 2011 By Chris Dziadul
Romania’s leading cable and DTH operator RCS&RDS is facing two financial headaches.
According to ZF, the company, along with Orange, Vodafone and Cosmote, is currently being investigated by the Competition Council (CC) into possible abuses of its dominant position in the mobile market.
Although such investigations by the CC can typically take up to two years, companies risk being fined anything between 0.5% and 10% of their annual turnovers.
Separately, Financiarul reports that the Antena Group, one of the leading broadcasters in Romania, is suing RCS&RDS for €60 million.