Romania DTH consolidation
March 3, 2011
By Chris Forrester
Boom TV, a struggling DTH operator in Romania owned by Israel’s DTH Television Grp, is being bought out of liquidation by Romtelecom. Boom was a late-starter in the over-crowded Romanian television market and has always struggled to make headway. Its signals are carried on the Amos satellites, owned and operated by Spacecom.
Romtelecom is paying €8m for the Boom assets, which had notched up losses of more than €100m. At its latest count Boom had about 95,000 subs.
Romtelecom is itself backed by Greece’s OTE, and Germany’s Deutsch Telekom, and claims 4.7m subscribers of which more than 1m are broadband or TV subscribers.