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Digi Communications
Digi Communications N.V., also known as DIGI Group, is a Romanian telecommunications holding company, which also has businesses in Italy, Spain, Portugal and Belgium. The firm has current statutory seat in the Netherlands and headquarters of effective management in Romania. Digi was founded by Zoltán Teszári, who is the majority shareholder, and has been listed on the Bucharest Stock Exchange since May 16, 2017.
In 2019, Digi had a market share of 51% in Romania and the vast majority of its subscribers are connected via fiber, a process which was started in 2006. This has had a major contribution to Romania's status as a country with one of the highest fixed broadband internet speeds in the world.
In 2023, Digi Group extended the fiber networks in Spain to cover over 8.7 million homes. In Romania, the company maintained a rapid pace in the rollout of 5G and also introduced 5G services in Spain. The revenues and other income increased by 13% to EUR 1.7 billion, while RGUs in Romania and Spain grew by 15%, reaching 23.8 million units, and adjusted EBITDA rose to EUR 592 million.
In 1992 TVS Holding Brasov was developed by Zoltán Teszári, Ioan Bendei and other businessmen. The company offered cable television services in Brașov and Timișoara. In 1993, Zoltán Teszári co-founded Kappa cable company in Bucharest. In 1996, the shareholders decided to divide the Kappa network into two equal parts. Half owned by Zoltán Teszári merged with Analog CATV SA cable company in Bucharest. The other half was bought in 2000 by Astral Telecom, which in 2005 was merged with UPC Romania (now Vodafone Romania). This separation of the company led to the division of the areas in Bucharest between the two companies for 10 years.
In 1997, the company changed its name to Romania Cable Systems S.A. (RCS). Same year it is established Romania Data Systems S.A. (RDS) which offers internet services. Among the investors in the company from the beginning until the listing on the stock exchange were Carpathian Cable Investments S.a.R.L. from 1998 and Celest Limited from 1999.
The company entered Hungary in November 1998 after buying 15 small and medium cable companies in Budapest and 3 other cities. Between December 1999 and January 2000, the first cable networks were acquired in Slovakia, where Slovakia Cable Systems (SCS) was 95% owned by RCS.
In April 2000, the project to build a 4,200 km national fiber optic network was initiated.
In 2003, after the liberalization of the market, the fixed telephony service was launched in Romania. Digi TV satellite television platform was first launched in Romania in December 2004, followed by launches in Hungary in February 2006, in the Czech Republic and Slovakia in August 2006 and in Croatia and Serbia in December 2006.
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Digi Communications
Digi Communications N.V., also known as DIGI Group, is a Romanian telecommunications holding company, which also has businesses in Italy, Spain, Portugal and Belgium. The firm has current statutory seat in the Netherlands and headquarters of effective management in Romania. Digi was founded by Zoltán Teszári, who is the majority shareholder, and has been listed on the Bucharest Stock Exchange since May 16, 2017.
In 2019, Digi had a market share of 51% in Romania and the vast majority of its subscribers are connected via fiber, a process which was started in 2006. This has had a major contribution to Romania's status as a country with one of the highest fixed broadband internet speeds in the world.
In 2023, Digi Group extended the fiber networks in Spain to cover over 8.7 million homes. In Romania, the company maintained a rapid pace in the rollout of 5G and also introduced 5G services in Spain. The revenues and other income increased by 13% to EUR 1.7 billion, while RGUs in Romania and Spain grew by 15%, reaching 23.8 million units, and adjusted EBITDA rose to EUR 592 million.
In 1992 TVS Holding Brasov was developed by Zoltán Teszári, Ioan Bendei and other businessmen. The company offered cable television services in Brașov and Timișoara. In 1993, Zoltán Teszári co-founded Kappa cable company in Bucharest. In 1996, the shareholders decided to divide the Kappa network into two equal parts. Half owned by Zoltán Teszári merged with Analog CATV SA cable company in Bucharest. The other half was bought in 2000 by Astral Telecom, which in 2005 was merged with UPC Romania (now Vodafone Romania). This separation of the company led to the division of the areas in Bucharest between the two companies for 10 years.
In 1997, the company changed its name to Romania Cable Systems S.A. (RCS). Same year it is established Romania Data Systems S.A. (RDS) which offers internet services. Among the investors in the company from the beginning until the listing on the stock exchange were Carpathian Cable Investments S.a.R.L. from 1998 and Celest Limited from 1999.
The company entered Hungary in November 1998 after buying 15 small and medium cable companies in Budapest and 3 other cities. Between December 1999 and January 2000, the first cable networks were acquired in Slovakia, where Slovakia Cable Systems (SCS) was 95% owned by RCS.
In April 2000, the project to build a 4,200 km national fiber optic network was initiated.
In 2003, after the liberalization of the market, the fixed telephony service was launched in Romania. Digi TV satellite television platform was first launched in Romania in December 2004, followed by launches in Hungary in February 2006, in the Czech Republic and Slovakia in August 2006 and in Croatia and Serbia in December 2006.