Business
BUCHAREST, Romania, 11-Jan-2019 — /EPR FINANCIAL NEWS/ — The Company would like to inform the investors and the market regarding an update to the Company’s Financial Reporting Calendar for 2019, with respect to the date of the Conference Call for the 2018 Preliminary financial results.
For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).
SOURCE: EuropaWire
BUCHAREST, Romania, 08-Jan-2019 — /EPR FINANCIAL NEWS/ — We would like to inform the market and our investors that, on 29 December 2018, an Emergency Government Ordinance no 114/2018 (the “GEO 114/2018â€) establishing, amongst others, certain budgetary and tax measures was published in the Romanian Official Gazette. The GEO 114/2018 sets an increased monitoring tariff of 3% applied to the turnover of telecommunications operators meant to finance the activity of the National Authority for Management and Regulation in Communications of Romania (ANCOM). The prolongation of the exploitation period for the existing mobile communications licenses will be subject to the payment of 4% applied to the turnover generated from the mobile telephony operations in the year prior to the extension multiplied with the number of years for which the license validity period is prolonged. The further grant of the new mobile communications licenses will be subject to the payment of a percentage of either 2% or 4% applied to the turnover generated from the mobile telephony operations in the year prior to the grant date multiplied with the number of years corresponding to the validity period of the license. Also, the fines applicable for regulatory breaches in connection with the telecommunications sector in Romania were increased significantly.
The GEO 114/2018 additionally increased the level of the corporate tax applied to licenses owners operating energy or gas activities in Romania to 2% applied to the turnover generated from the respective energy or gas activity. In the public announcements made at the adoption of the GEO 114/2018, the Romanian Government’s representatives stated that the additional taxation would be caused by the “incorrect behaviour†of the telecommunications operators. We are of the opinion that these allegations have no legal, tax or economical basis, and that the decision to introduce these new taxes is ungrounded and discriminatory.
In connection with RCS & RDS S.A.’s activity, our Romanian subsidiary („Digi | RCS&RDSâ€), we express the following: Out of the turnover of approximately LEI 3.3 billion registered in 2017, Digi | RCS&RDS paid during the same year more than 1/3 (meaning over LEI 1.2 billion) for: taxes and contributions to the state budget, to the central authorities and to the local budgets; amounts due to state owned companies and other similar entities; and also it performed multiple payments to various public and private entities based on mandatory legal requirements. In connection with the income tax assessed by Digi | RCS&RDS, we must recall that, since 2007 until 2017, Digi | RCS&RDS invested more than EURO 2 billion for the development of a highly advanced fixed and mobile telecommunications network based on optical fibre. These investments were made to the benefit of millions of customers who enjoy today the best quality services at very advantageous prices. These investments performed by Digi | RCS&RDS (and which were subject of amortization) have implicitly determined the reduction of the taxable basis, in full compliance with the tax legislation.
In our view GEO 114/2018 is prejudicial to the development of the telecommunications and energy industries in Romania as it materially increases, without proper consultation and without any serious justification, the fiscal burden on businesses in these sectors, thus potentially restricting the ability to make further investments and affecting clients. We will be further evaluating the impact of GEO 114/2018 on our business and take those measures that are deemed necessary.
For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).
SOURCE: EuropaWire
BUCHAREST, Romania, 31-12-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 24-28 Dec 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 24-12-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 17-21 Dec 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 17 Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 10-14 Dec 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 10-Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 3-7 Dec 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 03-Dec-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 26-30 Nov 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 26-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 19-23 Nov 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 19-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 12-16 November 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 15-Nov-2018 — /EPR FINANCIAL NEWS/ — We would like to inform the market and our investors that, in connection with the decision issued by the Hungarian Competition Authority (Gazdasági Versenyhivatal – “GVHâ€) in May 2018 (the “Initial Decisionâ€) approving the acquisition by our Hungarian subsidiary – DIGI Távközlési és Szolgáltató Kft. (“Digi HUâ€), as the purchaser, of shares representing in total 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. (“Invitelâ€) from Ilford Holding Kft. and InviTechnocom Kft., acting as sellers (the “Transaction†– the completion of which we have disclosed to the market on 30 May 2018), on 14 November 2018, the GVH issued several decisions whereby it formally withdrew the Initial Decision and it opened a new investigation (“New Procedureâ€) for reassessing limited aspects in connection with certain settlements where i-TV Digitális Távközlési Zrt. (“i-TV†– one of Digi HU’s subsidiaries in Hungary) and Invitel overlap.
GVH’s stated reason for withdrawing the Initial Decision is based on allegations that Digi HU has failed to proactively comment during the initial assessment on certain data regarding the territorial scope of certain telecommunications services provided by i-TV, which has been used by the GVH in its Initial Decision. On that basis, the GVH also imposed a fine on Digi HU of approximately EUR 280,000 (HUF 90,000,000).
Digi HU’s ownership and control over Invitel is not affected by the above-mentioned GVH’s decisions, as the GVH simultaneously decided on 14 November 2018 to allow Digi HU to continue to exercise control over Invitel (“Exemption Decisionâ€) before the issuance by the GVH of a new decision on the Transaction. As a consequence, on the basis of the Exemption Decision, the implementation by Digi HU of the Transaction is not affected by the GVH’s New Procedure, except for certain limited behavioral restrictions from the Initial Decision that were reinstated.
In relation to the operation of i-TV, the GVH imposed certain behavioral interim obligations on Digi HU until the completion of the New Procedure. i-TV represents a minor part of DIGI HU’s business in Hungary.
We continue to strongly hold that Digi HU fully cooperated during the initial procedure by providing complete and accurate information, and that the GVH’s decision to withdraw the Initial Decision and to apply a fine is incorrect.
Meanwhile, we will continue to fully and in good faith cooperate with the GVH during the New Procedure in order to ensure that a new decision re-approving the Transaction is finalized as soon as possible.
SOURCE: EuropaWire
BUCHAREST, Romania, 14-Nov-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that Q3 2018 financial results are available on the Company’s website.
For details, please see:
http://www.digi-communications.ro/en/investor-relations
SOURCE: EuropaWire
BUCHAREST, Romania, 07-Nov-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that on November 14, 2018 (at 17:00 UK time) it will host a conference call to discuss the Q3 2018 financial results.
To participate in the conference please follow the instructions from our website:
www.digi-communications.ro
A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days:Â www.digi-communications.ro
SOURCE: EuropaWire
BUCHAREST, Romania, 05-Nov-2018 — /EPR FINANCIAL NEWS/ — In accordance with the FSA Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 29 October-2 November 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
ZUG, Switzerland, 10-Oct-2018 — /EPR FINANCIAL NEWS/ — Privus announced today that it has closed a funding round led by Silicon Valley and New York-based Rubicon Venture Capital and by a highly regarded, Toronto based investment firm with a successful track record in business building and technology investment. The $635,000 raised also includes funding from existing investors and management and will be used to extend Privus’s enterprise software portfolio and commercial footprint, as well as to meet growing demand for its SecurLine Cloud and TurnKey solutions, in line with the company’s government and corporate focus.
SecurLine, Privus’s flagship solution, employs open-source, state-of-the-art, peer-to-peer encryption to ensure the security, privacy and quality of communications between users. SecurLine is offered on an annual, prepaid basis for unlimited use as a cloud-based application, and as a tailored, on-premise solution, allowing clients to manage their own private network. SecurLine is available for download directly from the App Store or Google Play.
“We are focused on privacy first and foremost and have developed the company and its products on that basis. That investors of the calibre of Rubicon have joined Privus is a testament to the quality of our products and to our long-term vision,†stated Henrique Corrêa da Silva, Founder and CEO of Privus. Luis Lavradio, Founder and CFO added, “I am delighted with the success of this round and that we have been able to add two new investors that complement and strengthen an already exceptional shareholder base. They will both actively reinforce our ability to open new markets and grow our business.â€
Andrew Romans, General Partner of Rubicon Venture Capital said, “I was introduced to Privus by an old friend as a blockchain-based start-up, with strong existing technology that is hard to replicate and is already generating meaningful enterprise revenue that we see growing very quickly. At Rubicon we share Privus’s vision that communications should be private and free from interference or geofencing, a vision that also makes great business sense. We use SecurLine on a daily basis to ensure our business and personal calls are kept private, and look forward to the roll out of the Privum network, which will allow anyone to access the Internet privately and securely, regardless of where they happen to be. On the treasure map of blockchain and cyber-security start-ups we place a large X on Privus.â€
The long-term orientation of the Canadian principal investment firm, as well as its extensive global business network, will underpin Privus’s ability to focus on building a world-class enterprise platform with privacy and digital security at its core, and consolidate its position as a global reference in privacy and digital security.
SOURCE: EuropaWire
BUCHAREST, Romania, 17-Sep-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 10-14 Sept 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
BUCHAREST, Romania, 04-Sep-2018 — /EPR FINANCIAL NEWS/ — In accordance with the Romanian National Securities Commission Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (EU) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVBâ€, Romanian Financial Supervisory Authority “ASFâ€, the Dutch Authority for the Financial Markets “AFMâ€) the transactions which occurred under the DIGI symbol between 27-31 Aug 2018.
For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).
SOURCE: EuropaWire
Fairfax, VA, 03-Aug-2018 — /EPR Financial News/ — UnifiedOnline, Inc. acquired 100 percent membership interest of ChanBond, LLC on 27th October 2015. That was a portfolio of patents through which the company understands that there is a technology that allows all the major cable companies to offer high-speed data transmission over the hybrid-fiber coaxial networks. UOIP purchased Chanbond for $5,000,000 payable before October 2020 along with 44,700,000 shares of the common stock. On 21st September 2015, Chanbond files a lawsuit in District Court of U.S. against the 13 biggest cable MSOs in the country. Chanbond claims that every cable multi-system operator in the country is virtually using DOCSIS 3.0+ which is infringing upon its patents. The three alleged infringement of wideband signal distribution system patents are:
Patent #1: 7,941,822
Patent # 2: 8,341,679
Patent # 3: 8,984,565
One of the major cable modem manufacturer Cisco filed eight interparty reviews on these patents. Six of the Cisco IPRs on patent 2, and 3 were not established for IPR. Only one of eight interparty reviews was established for IPR on March 3, 2017. Chanbond and the legal team of Mishcon de Reya New York LLP which is a respected law firm are appealing the single IPR that Cisco got.
ChanBond, LLC v. Cisco Systems, Inc.
Federal Circuit U.S. Court of Appeals
Case #:Â Â Â Â Â Â Â Â Â Â Â 0:18-bcaag-01886
Case Files: Apr 26, 2018
ARRIS International PLC also filed for five interparty reviews on these patents, but on July 27, 2018, the PTAB denied Arris a hearing because the petition is time-barred. Arris and Cisco are not being sued; only the thirteen cable companies are being sued for the infringement. However, the modem manufacturers are trying to invalidate the patents because their clients are at risk of patent infringement and Arris International has made it public that they have indemnified certain cable companies. This is from the “ARRIS Form†10-K filed for March 31, 2018
From page 47 ARRIS INTERNATIONAL PLC FORM 10-K
https://www.sec.gov/Archives/edgar/data/1645494/000119312518066821/d505150d10k.htmÂ
“ChanBond v. MSOs, C.A. 15-cv-00848, et al, District of Delaware (RGA). On September 21, 2015, ChanBond filed suit against several MSOs alleging infringement of three US Patents. Certain of our customers have requested that we provide indemnification. The complaint requests unspecified damages for infringement and injunction against future infringement. To date, no evidence of infringement or damages has been introduced. It is premature to assess the likelihood of an unfavorable outcome. In the event of an unfavorable outcome, ARRIS may be required to indemnify the MSOs and/or pay damages for utilizing certain technology.â€
Throughout all of this UnifiedOnline has remained quiet and if you search UOIP on OTCMarkets the company is listed as Caveat Emptor (buyer beware) and as Delinquent SEC reporting. On October 26, 2014, UnifiedOnline Inc. submitted the necessary 13-D with the SEC (https://www.sec.gov/Archives/edgar/data/1097718/000135448815005061/uoip_sc13d.htm) that they were operating in the dark. The sole manager of the company is William R. Carter, Jr. and he is the one who has exclusive and sole authority over all the activities and operations.
During this time there have been no comments from UOIP, but do not let that cloud your judgment about the validity of the company, its patents, or this case. Bear in mind that UnifedOnline retains Mishcon de Reya New York LLP which is a respected law firm, representing a diverse portfolio of clients in more than 60 countries with more than 200 litigators across New York and London. UnifiedOnline has been under the microscope of the 13 largest cable companies in the United States (billion dollar corporations) and the Federal Court System. If there were a hint of scam or any wrongdoing no one would be wasting time, energy, and money to fight these patents. Do not confuse silence on UOIP’s part with sound legal recommendations.
Keep yourself informed with the court schedule, but keep in mind that this may settle or UOIP could be bought out any moment between now and the actual trail.
Please do your own research and perform due diligence before taking my word or the advice of others.
Disclosure: I am long UOIP
BUCHAREST, Romania, 04-Jul-2018 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. announces the publishing of ANCOM approval for RCS & RDS S.A. to continue to apply a surcharge for certain roaming services provided in the EEA for a renewed period of 12 months.
We would like to inform the market and our investors that the National Authority for Management and Regulation of Communications in Romania (ANCOM) has authorized RCS & RDS S.A., the Company’s subsidiary in Romania (“RCS&RDSâ€) to continue to apply a surcharge for certain mobile telephony roaming services supplied to its customers traveling in the European Economic Area (EEA), therefore including the European Union.
By decision issued on 29 June 2018, for allowing RCS&RDS to continue to recoup the costs incurred for the supply of roaming services and to continue to apply the national tariffs in Romania, ANCOM has authorized RCS&RDS’ request to apply a surcharge, on top of the national tariffs, for certain roaming services supplied to its own customers traveling in the EEA, but without going above the maximal following values:
RCS&RDS will apply the roaming surcharges starting from the first unit of consumption supplied to its own customers traveling in the EEA.
The renewed authorization issued by ANCOM will apply for 12 months starting 1 July 2018.
For information regarding the initial approval in this respect granted to RCS&RDS in 2017, we invite the market and our investors to refer to the current report issued by the Company on 30 June 2017 (http://www.digi-communications.ro/en/investor-relations/shares/current-reports/digi-current-report-30-06-2017).
SOURCE: EuropaWire
BUCHAREST, Romania, 17-Jun-2018 — /EPR Financial News/ — Digi Communications B.V. (“Digi†or the “Companyâ€) announces that on June 15, 2018 the Report regarding legal acts concluded by DIGI Communications N.V. in accordance with Romanian Law no. 24/2017 and Rule no. 1/2006 of CNVM for May 2018 was made publicly available on the Romanian Stock Exchange (“BVBâ€) and the Company’s website, while also being available with the Romanian Financial Supervisory Authority (“ASFâ€) and the Dutch Authority for Financial Markets (“AFMâ€).
For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).
SOURCE: EuropaWire
BUCHAREST, Romania, 16-Jun-2018 — /EPR Financial News/ — Digi Communications NV (The Company) would like to inform its shareholders and the market that, by decision from 7 June 2018, the Board of Directors of the Company decided upon the initiation of the class B shares buy-back program in accordance with the resolutions of the general shareholders meeting of the Company from 2 May 2018 (the GSM), through which the Board of Directors was authorized to acquire, for a 12 months period starting with the date of the GSM and until, including, 1 May 2019, a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, subject to a maximum price per class B share equal to the average of the highest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Regulated Spot Market of the Bucharest Stock Exchange plus 5% (maximum price) and to a minimum price per common share equal to the average of the lowest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Regulated Spot Market of the Bucharest Stock Exchange minus 5% (minimum price) – the Program.
The Program will be performed and implemented in line with the applicable legal rules and regulations relating to the buy-back programs, specifically article 5 from the European Parliament and the EU Council’s Regulation no 596/2014 regarding the market abuse and the Commission Delegated Regulation (EU) 2016/1052, as well, in compliance with the applicable volume and price thresholds.
It is intended that the class B shares to be repurchased under the Program to be used for the purpose of the several stock option programs as already or to be further approved by the Company.
The Board of Directors of the Company has chosen BRD Groupe Société Générale S.A. as the broker handling the Program.
At the initiation of the Program, it is intended starting as of 11 June 2018 to acquire a total volume of 500,000 class B shares of the Company that can be further adjusted within the above mentioned limits by decision of the Company. During the buy-back process, the Company will comply with the volume and price thresholds as set out by the Delegated Regulation (EU) 2016/1052.
For additional information, please contact us at ipo.relations@digi-communications.ro.
SOURCE: EuropaWire
