18:32, 2.07.2008 UPC Romania, Three Subsidiaries To Merge By Absorption

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BUCHAREST / 18:32, 2.07.2008 Telecom operator UPC Romania and three of the companies it controls, namely Electron M.

Bit Telecom, Sebmar and Cablevision of Romania (CVR), will merge on October 1 in a move to simplify managing proceedings and cut administration costs."Following the merger, UPC Romania will consolidate its position on the Romanian telecom market, will increase its presence among providers of cable television services, fixed telephony and Internet and will be able to compete...

Read the whole story in: Mediafax