Banks support SNR DTT bid

National Telecommunications Company (SNR) has received bids from three banks to help it finance the licence fee for the second DTT licence currently being auctioned by the regulatory authority ANCOM.
Reports indicate that the banks Banca Romaeasca, BCR and Banca Transilvania, would like to provide a loan of €5 million, repayable in quarterly instalments over a five-year period with the first repayment in Q1 2012.
Bids for the two available DTT multiplexes have also been received from RCS/RDS, Romtelecom, TDF SAS, Media Village, ORS and General Satellite Sofia. All bids must be in by the end of August.
Romania will have two DTT multiplexes at first, each carrying seven channels and receivable by a minimum of 80% of the population by the end of 2011.
Source: Broadband TV News
Item added: 9th August 2010