RCS & RDS denies report of imminent Vodafone deal

Romanian cable operator RCS & RDS has vehemently denied a report posted by well-known local journalist and TV personality Robert Turcescu that the company is on the brink of being acquired by Vodafone. 

Turcescu posted on his Facebook page that Vodafone had agreed a preliminary deal with RCS & RDS to acquire the operator for between €1 billion and €1.5 billion.

RCS & RDS issued a statement saying that the claim was “completely false” and had no basis in fact

The operator said it was “unfortunate” that an experienced journalist would spread unfounded rumours that could damage the company without either verifying the information or requesting confirmation from RCS & RDS itself.

Turcescu said that the deal would establish Vodafone as the principal player in the Romanian telecoms market, dealing a blow to its main rival in the mobile space, Orange.

Vodafone has about eight million mobile subscribers in Romania.