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Assets, Business, Financial, Financial Information, Financial Statements, Investment, Stocks, Trading

RCS&RDS gets anti-trust body approval for its deal with Akta Telecom, Digital Cable Systems and ATTP Telecommunications

BUCHAREST, Romania, 27-Jul-2020 — /EPR FINANCIAL NEWS/ — The Company would like to inform its investors and the market that on July 24, 2020, the Competition Council issued the decision no. 38/21.07.2020 („RCC Decision”), authorising the economic concentration acomplished by RCS&RDS through gaining sole control over certain assets pursuant to the agreements entered into on 28 November 2019 („Agreements”) between the Company’s Romanian subsidiary, hereinafter referred to as „Assignee” and Digital Cable Systems S.A., AKTA Telecom S.A., respectively ATTP Telecommunicatios S.R.L., hereinafter referred together as “Assignors”.

Under these Agreements, RCS&RDS will operate the networks of the Assignors and will provide communications services to the clients, in exchange of the payment by RCS & RDS of a rent.

The condition precedent under the Agreements of obtaining the Competition Council’s authorisation is now met; the non-object decision being subject to RCS&RDS complying with the commitments it had offered and that were accepted by the competition authority („Commitments”).

The Commitments were offered by RCS&RDS in order to address the Competition Council’s concerns regarding the merger and they are broadly two sided, refering to:

– the relationship between RCS&RDS and the clients who will become RCS&RDS customers pursuant to the Agreements, and

– the relationship between RCS&RDS and the Tv Channel providers.

The Commitments regarding the clients will be binding for a period of three years as of the date of the authorisation and they mainly refer to the undertaking made by RCS&RDS to upgarde the networks and to provide to at least 95% of the clients communications services of the same technical quality as offered to its existing customers. In addition, RCS&RDS has to offer to all customers the opportunity to benefit from the packages and prices offered by RCS&RDS to its existing customers and refrain from price increases during the three year period under review.

The commitment regarding TV Channel providers is binding for a five-year period as of the date of the authorisation. The commitment refers to the undertaking made by RCS&RDS that, in case it does not reach a commercial agreement with any TV Channel provider for inclusion of such channel into its Basic TV Package, then it will offer the provider the possibility to carry such channel as a pay tv offering which shall be provided to customers in exchange for an additional charge. The price of such pay tv channel will be mainly determined by the TV Channel provider.

For details regarding the reports, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Services, Financial Statements, Investment, Stocks, Trading

ANCOM authorized RCS & RDS S.A. to apply a surcharge for certain roaming services in the EEA starting 1 July 2020

(PRESS RELEASE) BUCHAREST, Romania, 29-Jun-2020 — /EuropaWire/ — 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&RDS”) 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 received on 29 June 2020, in order to allow RCS&RDS to continue to cover 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:

  • 0.0154 Euro/minute (excluding VAT), for the calls made by its clients,
  • 0.0079 Euro/minute (excluding VAT), for the calls received by its clients (this value might vary in accordance with the changes brought by the European legislation),
  • 1.41 Euro/GB (0.00141 Euro/MB), excluding VAT.

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 a maximum period of 12 months starting 1 July 2020.

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).

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Investment

RCS&RDS to pay up to EUR 77 million to operate the networks of 3 Romanian telecoms for 3 years

BUCHAREST, Romania, 29-Nov-2019 — /EPR FINANCIAL NEWS/ — The Company would like to inform its investors and the market that, on November 28, 2019, RCS&RDS, hereinafter referred to as “Assignee” and Digital Cable Systems S.A., AKTA Telecom S.A., respectively ATTP Telecommunications S.R.L., hereinafter referred together as “Assignors”, concluded agreements (together the „Agreements”) having as subject matter the operation by RCS&RDS of the assets used for providing telecommunication services to residential type customers. Additionally, through the agreement concluded with ATTP Telecommunications S.R.L., RCS&RDS will also become owner of assets consisting of infrastructure, clients etc, upon the fulfillment of the conditions precedents mentioned below.

Under these Agreements, RCS&RDS will operate the electronic communications networks of the Assignors and will provide electronic communications services to the clients, in exchange of the payment by RCS & RDS of a rent in the amount agreed by the parties. According to these Agreements, RCS&RDS will provide a number of approximatively 540 thousand internet access, cable television, fixed and mobile telephony services.

The Agreements are concluded for an initial duration of 3 years, which can be extended at the option of either party for a new term of 3 years. The total amount due as rent or price by RCS&RDS under the Agreements are in maximum amount of EUR 77 million excluding VAT.

The operation of the networks, respectively the purchase of assets will take place if the following conditions precedent are met: (a) the approval of the transaction by the competition authority and (b) ATTP Telecommunications S.R.L. cumulatively acquiring (i) the required rights in order to transfer the use of the assets that are the subject matter of the agreement concluded between ATTP Telecommunications S.R.L. and RCS&RDS, (ii) the majority of the shares in Digital Cable Systems S.A. and (iii) the majority of the shares in AKTA Telecom S.A..

Pursuant to these Agreements, the Assignors intend to provide high quality services at the best prices to their residential type clients. RCS&RDS has all the resources, capabilities and the required knowledge for ensuring the attainment of this objective by exploiting the synergies between its own electronic communications network and the networks which is subject matter of the Agreements.

For details regarding the reports, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Business, Financial, Financial Information, Taxes

ANCOM authorized RCS & RDS S.A. to apply a surcharge for certain roaming services in the EEA

BUCHAREST, Romania, 1-Jul-2019 — /EPR FINANCIAL NEWS/ — 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&RDS”) 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 1 July 2019, 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:

  • 0.0187 Euro/minute (excluding VAT), for the calls made by its clients,
  • 0.0085 Euro/minute (excluding VAT), for the calls received by its clients (this value might vary in accordance with the changes brought by the European legislation),
  • 2.20 Euro/GB (0.00220 Euro/MB), excluding VAT.

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 2019.

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).

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Trading

ANCOM authorized RCS&RDS’ request to apply a surcharge for certain roaming services supplied to its own customers traveling in the EEA

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&RDS”) 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:

  • 0208 Euro/minute (excluding VAT), for the calls made by its clients,
  • 0091 Euro/minute (excluding VAT), for the calls received by its clients (this value might vary in accordance with the changes brought by the European legislation),
  • 97 Euro/GB (0.00297 Euro/MB), excluding VAT.

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

Business, Financial

New .mobi Website Developed, franchises.mobi, For Investors On-The-Go

Often referred to as dotMobi, .mobi is a top-level domain committed to delivering the Internet to mobile devices through the Mobile Web.

Websites that use the .mobi extension are created specifically for mobile devices such as mobile phones and handheld computers to make them easy to browse and reduce download time. If you see a .mobi domain name, then the website on your phone will work. If you see a .com website today, it may work or you may download more content than your phone or budget is set to receive.

Now you can navigate on your cell phone as you search for the perfect website when you are on the go. Thanks to the .mobi concept, users will receive a smooth and enjoyable online experience.

.mobi sites are popping up on posters in subways and on .com sites of corporations advertising their .mobi sites and best of all in EXCLUSIVELY .mobi directories.

.mobi is backed by leading mobile operators, network and device manufacturers, and Internet content providers, including Ericsson, GSM Association, Hutchison 3, Microsoft, Nokia, Orascom Telecom, Samsung Electronics, Syniverse, T-Mobile, Telefonica Moviles, TIM, and Visa and Vodafone.

According to Ipsos Insight’s Latest “The Face of the Web Study”, Mobile Phones are on the brink of surpassing the PC as the major internet platform in many markets.

The study revealed that in the United States,“three in four households own a mobile phone.” Consumers are now demanding better access and a better experience when using their phones to access the internet. With 4 cell phones purchased to 1 pc sale, the number of people that access the internet with a cell phone is expected to increase significantly. To be apart of the .mobi revolution and join our team, please visit franchises.mobi

Via EPR Network
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