Competition Council authorizes Sun Communications' taking over by Orange Moldova

Chisinau, 19 October /MOLDPRES/ - The Competition Council has authorized the taking over of the joint venture Sun Communications by Orange Moldova. The Council found out that this operation did not put significant obstacles to the effective competition on Moldova’s market or on the latter’s substantial part, especially via creation or strengthening of a dominant position.   

The competition authority assessed the operation of economic concentration from the viewpoint of its compatibility with the normal competition environment, in accordance with the law on competition and the decision on approval of the regulation on economic concentrations.  

Orange Moldova on 29 June signed an agreement on the acquisition of 100 per cent of the registered share capital of the Sun Communications company.  

Sun Communications is a leading provider of TV services against payment in Moldova, according to the number of clients. It offers cable and digital TV services under the Sun TV trade mark to customers from Chisinau Balti and Cahul. Sun TV is one of the biggest providers of cable TV services, with more than 100,000 active clients and an offer including 172 channels and 25 HD channels. Also, Sun Communications supplies Internet and VOIP (voice over IP) services to over 38,000 clients from Moldova, providing a connectivity of 300 Mbps, according to a press release earlier issued by Orange.

(Reporter V. Bercu, editor L. Alcaza)