Local media: Romanian RCS&RDS reports annual turnover of more than EUR 620 mln

Romanian telecom company RCS&RDS recorded total revenues of EUR 629 million in the year ended in June 2013 and an operating profit of EUR 258 million, according to local business daily Zf.ro. For 2012, the telecom company, which is the largest cable and internet provider in Romania, reported a net profit of some EUR 20 million and a turnover of 459 million. RCS&RDS is controlled by Romanian businessman Zoltan Teszari. Besides Romania, the company also operates in Hungary, Italy, Spain, the Czech Republic, Slovakia, Croatia and Serbia. Created 15 years ago, RCS&RDS employs some 6,500 people and offers cable TV, internet, fixed and mobile telephony services in 200 cities in Romania. Irina Popescu, irina.popescu@romania-insider.com