Telecom market still has resources to grow

The local communications industry still has resources to grow on several market segments, such as Internet, so operators will continue investments and acquisitions of smaller players in order to strengthen their position, said participants at a seminar organised by ZF in partnership with Romtelecom and law firm Țucă Zbârcea și Asociații.

“In two or three years’ time the Romanian communications market will be completely different,” said Ovidiu Ghiman, the executive in charge of strategy and business development at Romtelecom, suggesting that the coming period will see a long string of acquisitions and the launch of new services on the market. Romtelecom, no. 1 on the fixed telephony market, is pursuing fast growth on the television and Internet segments, through a newly established company, NextGen, inclusively. Romtelecom is no. 2 on the Internet segment, behind RCS&RDS, and no. 3 on the TV market, behind RCS&RDS and UPC – but the operator held by OTE and Deutsche Telekom hopes to be able to reverse the ranking as a result of aggressive acquisitions and investments.