Boom TV, Romtelecom's acquisition target?

Romtelecom, the biggest landline telecommunication operator, might be interested in buying the satellite television (DTH) platform, Boom TV, operated by DTH Television Group, according to information published by Catalin Tolontan.

“Boom was and continues to be an attractive target to investors, whereas Romtelecom is not one of them. We remain focused on sustaining a competitive advantage, enhancing our client database and improving our operations. We are a transparent company and we will make public any relevant information related to our activity”, said Amit Levin, chairman of DTH Television, owner of Boom brand.

Contacted by Wall-Street, Amit Levin said he was not informed on any acquisition intention from Romtelecom. “This is not true. I have no intention in selling Boom, nor do I intend to do this in the future. Ask Romtelecom if they want to buy.”

“Romtelecom wishes not to comment these rumors. We will remain focused on developing Dolce platform”, said Cristina Popescu, communication director at Romtelecom.

Boom, the third largest player in Romanian satellite television market exceeded 200,000 clients in October, up 300% from a year earlier.

According to representatives of Boom, the excellent growth in the number of subscribers was influenced by DTH Television Group’s investments throughout last year in broadcasting equipments.

Boom’s competitors in the market are Digi TV, Dolce, Focussat and Max TV.

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