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Austria's ORS to Invest BGN 100 M in Bulgaria's "Radio & TV Systems"
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The future owner of Bulgaria's National Unit "Radio & TV Systems" (NURTS), the Australian company OPC announced Friday it was going to invest BGN 100 M in the development of the network.
NURTS is still part of the Bulgarian Telecommunications Company BTC but it will be sold to ORS, which won a competitive international tender.
The sale still has to be approved by the relevant regulatory authorities, and is expected to be finalized by March 2008. The exact sum that ORS will pay for NURTS has not been revealed.
The future owner also did not specify whether it would raise consumer prices for those using NURTS radio and TV transmission.
Bulgaria is supposed to switch from analogous to digital transmission by the end of 2012. ORS representatives pointed out Friday they had plentiful experience in this respect.
Bulgaria's NURTS operates a national microwave transmission network carrying TV, radio, voice, and data transmission.
60% of ORS GmbH & Co KG is owned by the Austrian public broadcaster ORF, and 40% belongs to Sendeanlagen GmbH, which is a member of the Reiffeisen Group. ORS is responsible for the technical maintenance of the DVB-T infrastructure in Austria.
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