Telecom operator RCS&RDS, whose annual revenues stand at 400million euros, has hired Credit Suisse First Boston investment bankto get it more than 200 million euros from the financial market inform of a seven-year loan, market sources told ZF.
Information surfaced on the market in March that RCS, a companycontrolled by Oradea businessman Zsoltan Teszari, was reportedlylooking to buy UPC Romania, a company held by US Liberty group. Theinformation has not been officially verified by either of theparties so far, yet everybody is talking about the deal, from theauthorities in the field to bankers and analysts. According to ZFsources, the parties have discussed the deal with lawyers andbankers, considering the competition problems it poses, plus the300 million euros that the buyer has to come up with. RCS, thenumber one on cable and satellite TV and Internet markets inRomania wants to take over UPC, the number two on the TV market,thus creating a "monster" with about 9 million customers on thetelecom market.
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