RCS&RDS negotiating cable exit in Slovakia; UPC circling

26 Mar 2013

Romania Cable Systems (RCS&RDS) is negotiating its exit from Slovakia’s cable TV market, multiple sources told financial newspaper ZFcorporate.ro, adding that discussions had developed past the initial stage and that likely buyers include larger cableco UPC Slovakia (part of the US-backed Liberty Global group) or an investment fund. Pay-TV operator Digi Slovakia reported that it had some 45,000 cable TV and 260,000 satellite DTH subscribers in Slovakia in 2011 (latest available figures), with a presence in Bratislava, Handlova, Komarno, Kosice, Prievidza, Ruzomberok, Senica, Sala, Ziar nad Hronom and Brezno. Digi also has some internet customers, and offers broadband connections with download speeds up to 20Mbps, according to its website. It was not reported if Digi’s satellite business is up for sale alongside the cable unit; parent RCS&RDS entered the Slovakian market in 2006. As reported earlier this month by CommsUpdate, RCS&RDS recently agreed the sale of its Digi Croatia satellite TV unit to Telekom Austria subsidiary VIPnet.

The country’s largest cable network operator UPC Slovakia is known to be on the acquisition trail, having earlier this month been reported to be eying several smaller regional cablecos, including BBX, a rival company in the local market of Banska Bystrica. In October 2012 UPC Slovakia bought three small eastern Slovakian operators, Kid, Termosat and S-Team.

Slovakia, Digi Slovakia, RCS&RDS (DIGI), UPC Slovakia