Romania pay-TV firm RCS & RDS pulls IPO

LONDON, Nov 6 (Reuters) - Romania-based satellite TV, phone and Internet company RCS & RDS RCSSq.L on Tuesday withdrew an IPO of up to $540 million, citing market conditions.

The company, with about 4.8 million customers, had set a price range of $5.25 and $7.25 per global depositary receipt, with a plan to float about 15 percent of its value on the London Stock Exchange.

Morgan Stanley and UBS were advising. (Reporting by Jeffrey Goldfarb)