RCS&RDS Sells Preference Shares To Staff

04.27.2011 By Florentina Dragu

Romanian telecom and internet provider RCS&RDS plans to sell preference stock to its staff and inter-group companies, according to a summoning notice to its shareholders.

Romanian telecom and internet provider RCS&RDS plans to sell preference stock to its staff and inter-group companies, according to a summoning notice to its shareholders.

The company didn't specify how many preference shares it plans to sell.

RCS&RDS is controlled by Zoltan Teszari, the richest IT entrepreneur in Romania.

The company provides cable, telephony and internet services in over 200 cities in Romania. RCS&RDS also operates in Spain, Italy, Hungary, the Czech Republic, Slovakia, Croatia and Serbia.