How much did the Bucharest City Hall get by leasing the NetCity network and how does Tiberiu Urdăreanu’s company respond to the accusations that it paid too little

Source HotNews.ro|author Adrian Vasilache|09.11.2014

The Bucharest City Hall cashed royalties of Ron 8,022,091 (over Eur 1.8 million) during 2009-2013 by leasing the NetCity underground optic fiber network for 49 years. The municipality should receive annually 12% of the revenues afferent to the lease of the network built and managed by a company specially established for this purpose – NetCity Telecom, part of UTI Grup, managed by businessman Tiberiu Urdăreanu. Forced by the law to lower their aerial cables for fees accused of being abusive by the telecommunications market arbitrator (ANCOM), small and medium Internet suppliers say the City Hall is receiving too little in comparison to the total revenues of Urdăreanu’s company – a major pillar of UNPR (Vice Mayor Gabriel Oprea’s party). NetCity defends itself by saying that everything is legal.

On its 33rd anniversary of continuous activity, UTI changes its name and becomes TIU Group of companies.

On October 5, 2023, the TIU Group celebrates 33 years of continuous activity in the Romanian and South-Eastern European markets, estimating a record consolidated turnover. The UTI brand represents a success story in the Romanian economic landscape, but even success stories need periodic adaptation to economic and social changes. Renaming UTI to TIU is not…

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UTI has completed the modernization and security works at Bucharest Băneasa Airport – Aurel Vlaicu

On November 11, 2021, the Bucharest Airports National Company announced the completion of the modernization works of the Bucharest Baneasa – Aurel Vlaicu Airport, a project whose value was 66,629,040 lei without VAT. The association Bog’Art and UTI Grup, together with the subcontractor UTI Facility Management (currently UTI Construction and Facility Management) started the rehabilitation…

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