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Romanian RCS&RDS' parent Digi swings to net profit in Q1 Digi CEO Serghei Bulgac BUCHAREST (Romania), May 17 (SeeNews) - Digi Communications [BSE: DIGI], majority owner of Romanian company RCS&RDS, turned a 14 million euro ($17 million) profit in the first quarter of 2021, compared to a 56 million euro net loss in the same period last year. Total revenues rose 8.6% on the year in the period under review, reaching 340 million euro, Digi said in a preliminary financial statement filed with the Bucharest Stock Exchange, BVB, on Friday. Total operating expenses for the first thr...

Net profit of Romanian RCS&RDS' parent Digi plummets in 2020 Digi CEO Serghei Bulgac BUCHAREST (Romania), February 24 (SeeNews) - Digi Communications [BSE: DIGI], majority owner of Romanian company RCS&RDS, said that its net profit decreased to 16.35 million euro ($19.87) in 2020, from 40.58 million euro achieved in the previous year. Total revenues rose 8.1% on the year in 2020, reaching 1.3 billion euro, Digi said in a preliminary financial statement filed with the Bucharest Stock Exchange, BVB on Tuesday. Total operating expenses for 2020 increased to 1.1 billion euro, co...

Appeal of exclusion of Romanian RCS&RDS's parent Digi from Hungarian 5G tender dismissed Digi Communications   BUCHAREST (Romania), February 10 (SeeNews) - Dutch-based Digi Communications [BSE:DIGI], majority owner of Romanian company RCS&RDS, said that its appeal of exclusion from a 5G frequency tender was rejected by Hungary's top court. "On 4 February 2021, the Supreme Court of Hungary dismissed the Company’s appeal and thus upheld the first instance court’s judgement, which maintained as lawful the decision issued by the Hungarian Media and Informations Authority ...

Romania's RCS&RDS parent secures 150 mln euro syndicated loan Digi Communications BUCHAREST (Romania), December 16 (SeeNews) - Dutch-registered Digi Communications N.V. [BSE: DIGI], the majority owner of Romanian company RCS&RDS, said on Wednesday that it has concluded a 150 million euro ($183 million) senior facility agreement with a syndicate of banks. Digi will use the 100 million euro term loan facility to refinance a short-term loan contracted in October 2016, while the revolving credit facility worth 50 million euro will be used for capital expenditure, investments,...