A Reclusive Romanian Tycoon Is Betting Big on European Broadband

Romanian tycoon Zoltan Teszari, one of the country’s richest people, keeps such a low profile that local newspapers are often forced to use 20-year-old photographs of the multimillionaire.

Now, a potential deal in Spain has thrust the company that built the reclusive 53-year-old entrepreneur’s fortune into the spotlight.

A photograph of Zoltan Teszari dating back a few decades.

Source: Bihoreanul

The Spanish unit of Digi Communications is poised to become one of the biggest winners of the country’s telecommunications consolidation. Digi, which grew from a shop selling phone cards to the Romanian diaspora in the southern European nation into its fifth-largest telecom operator, is favored by European Union regulators — according to documents seen by Bloomberg — ...