Hungary rejects Romanian RCS&RDS bid in race for telecom licence.

By bne IntelliNews January 4, 2012
Romanian integrated telecom company RCS&RDS has not qualified in the bidding process for a telecom operation licence in neighbouring Hungary, daily Ziarul Financiar reported. The company was rejected by the Hungarian market regulator because of overdue taxes owed by one of its Hungarian subsidiaries. RCS&RDS started as a cable network operator in Romanian and gradually expanded into the Internet and started providing business, fix and mobile telecom services, turning into one of the largest domestic telecom companies. RCS&RDS also operates Hungary's second largest cable network - the largest one is operated by UPC Hungary. A mobile telecom licence would have allowed RCS&RDS to offer the same complete package of services it offers in Romania.
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