UPC plans EUR40 million spend

5 Jun 2007

UPC Romania says it plans to invest a total of EUR40 million (USD53.8 million) in network upgrades this year as it moves to introduce additional services and a new invoicing system. The firm, which is owned by US-based Liberty Global Inc, plans to upgrade all its networks to allow it to offer triple-play services by the end of the year. It is also undertaking a re-branding strategy after completing the acquisition of rival Romanian operator Astral Telecom in mid-2005. The firm, which has around 1.4 million customers in 200 cities, says it has spent USD500 million on its Romanian operations since launching in 1992.

Romania, UPC Romania (now part of Vodafone)