0
General

PineBridge ready to sell Akta for EUR 100 mln - report

Tuesday 18 April 2017 | 08:53 CET | News
Investment fund PineBridge, which holds a majority stake in Romanian cable group Akta, is getting ready to sell Akta of EUR 100 million, that's half the money it was disposed to sell it for two years ago, writes local paper Ziarul Financiar citing market sources. Akta's representatives did not wish to comment on the sale's talks. Among the companies interested in buying the company in 2014-2015 were UPC and Vodafone.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Akta Mobil / EY / UPC / Vodafone
Countries: Romania
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Pinebridge sells part of Romania's Akta to Look TV - report

Published 28 Dec 2018 10:05 CET | Romania
American-Asian investment fund Pinebridge sold some of its shares in Romanian cable operator Akta along with other minority ...

Akta invests EUR 17 mln in network expansion

Published 07 Mar 2017 08:57 CET | Romania
Romanian operator Akta, which operates under the brand Akta through Digital Cable Systems (DCS) and Akta Telecom, will invest EUR ...

Akta offers 50% discount on monthly fees for 6 months

Published 03 Mar 2017 14:22 CET | Romania
Romanian operator Akta launched a promotion under which customers who subscribe for one of its internet, cable TV or IPTV ...

Akta revenues up 13% to RON 226 mln in 2015

Published 23 May 2016 11:09 CET | Romania
Romanian group Akta, representing cable companies Digital Cable Systems (DCS) and Akta Telecom, reported revenues up 13.4 percent ...

Akta to be ready for exit after 2016

Published 27 Oct 2015 09:18 CET | Romania
Romanian cable operator Akta will have talks about a potential exit that is expected to lure many potential investors after 2016, ...