The telecom company GTS Central Europe (GTS CE), with operations in Romania, has applied for a long-term €50m loan from the European Bank for Reconstruction and Development (EBRD). The project supports innovation activities in the telecommunications sector and will allow GTS CE to invest in new network applications, data centers and to diversify its portfolio of services. The EBRD management will decide on granting the loan on March 27.
GTS CE is present on the Romanian market via its arm GTS Telecom, which announced revenues of €23.5m on the local market in 2011, at a similar level to the financial indicators reported in 2010. Earnings before taxes, interest, depreciation and amortization (EBITDA) amounted to €4.6m. The company has an optic fiber backbone that exceeds 1,500 kilometers, after the acquisition of Datek Telecom in 2010. The operator also has Ethernet networks and radio coverage.
