Parts of New Com, bought by RCS and Romtelecom

New Com Telecomunicatii, one of the largest alternative providers of telecom services on the market, created through the acquisition and integration of tens of district networks, sold some of its networks from Moldova, Banat and southern Romania to RCS&RDS and Romtelecom in two separate deals. “We sold networks where we had approximately 30,000 users to RCS & RDS, in July. The deal topped five million euros,” Mircea Lucacel, New Com general manager, told ZF. In another deal, sealed in March, New Com sold other networks to NextGen Communications, a provider of telecom services controlled by Romtelecom. “The networks sold to the company controlled by Romtelecom comprised around 3,000 subscribers,” said Lucacel. RCS & RDS and Romtelecom are the biggest players on the Romanian internet market. New Com was set up in 2007 and expanded through the acquisition and integration of more than 50 district networks. One of New Com’s stakeholders is Capital Partners, a consultancy which, together with another two investment funds, controls 90% in the operator’s stock.