Orange to acquire Moldova's SunTVWednesday, June 29th, 2016
Orange to acquire Sun Communications, the leading cable operator in Moldova
- Orange Moldova signs agreement for acquisition of cable and pay TV Sun Communications in Moldova
- Enabling innovative convergence propositions to become leader in household market
PARIS — Today, Orange has signed an agreement to acquire 100% of Sun Communications’ share capital, the leading cable TV operator in Moldova. The acquisition of Sun Communications will enable Orange to prepare the market for transformation towards convergence. The Orange ambition is to reinforce its position as the leading convergent operator in Europe providing fixed broadband, fixed and mobile voice services as well as pay TV services. The acquisition of Sun Communications in Moldova is part of this strategy. Orange Moldova is the largest mobile operator in the country with over two million customers, providing the best 4G coverage to 84% of the population.
Sun Communications is the leading Pay TV provider in Moldova by customer base and offers digital and cable TV services under the brand SunTV to customers in Chisinau, Balti and Cahul. With over 172 channels and 25 HD channels on offer, SunTV is one of the largest providers of cable TV services with over 100,000 active customers. Sun also offers internet and VOIP (Voice over IP) services to over 38,000 customers in Moldova, offering up to 300Mbps connectivity.
The transaction will allow Orange to enter the fixed and Pay TV services market and offer new and innovative services to the customers, particularly convergent offers and services across fixed, mobile and pay TV services.
The completion of the transaction remains subject to the approval of competition authorities.
Sun Communications is the leading Pay TV provider in Moldova by customer base (Source: Moldovan telecom regulator ANRCETI) and offers digital and cable TV services under the brand SunTV to customers in Chisinau, Balti and Cahul.