RCS&RDS pays 3.3m euros for land in Poiana Brasov

On Thursday, RCS&RDS, a telecom operator, acquired an over 42,000 square metre area land located in Poiana Brasov, in an auction organised by the State Protocol Patrimony Regie. RCS&RDS paid 3.3m euros (plus VAT) for the land; 1.3m euros above the starting price, according to official sources. RCS&RDS representatives could not be contacted to comment on the acquisition. The land covers a total area of 42,973 square metres and is located in Poiana Brasov, close to “Stana Turistica” complex. This spring, the Romanian government authorised, through an emergency ordinance, the sale of buildings managed by the State Protocol Patrimony Regie via an auction. RCS&RDS is a provider of cable TV, Internet, data communications and telephone services. In 2006, the operator registered a turnover worth 781.33 million RON (215.6m euros) and a net income worth 122.73 million RON (33.87 million euros).