Netcity blocks construction of fibre network in Bucharest

Friday 26 June 2015 | 10:25 CET | News
Netcity, a company awarded a contract to build an underground optical fibre network of Bucharest, blocked the project because of problems with the regulation of the telecommunications services market, writes local paper Ziarul Financiar citing general manager Netcity, part of UTI, Adrian Florea. The network's costs will be unsustainable if the regulation is not changed, according to Florea. Florea said the company wishes to solve regulatory problems until fall to resume investment. The first phase of the project Netcity ended two years ago and involved an investment of EUR 45 million for the

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Categories: Fixed / Internet
Companies: Netcity Telecom
Countries: Romania
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