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General

DeTe in talks to sell Telekom Romania - report

Tuesday 7 February 2017 | 12:29 CET | News
Deutsche Telekom is in talks about a possible sale of Telekom Romania, a transaction that may pass EUR 1 billion, writes local online financial publication Mirsanu.ro citing market sources. Orange Romania is negotiating the take over of Telekom Romania's fixed unit, Telekom Romania Communications, while RCS&RDS may purchase the mobile unit, Telekom Romania Mobile Communications. An eventual sale would be in line with Deutsche Telekom's strategy of reducing its debt through the sale of assets to a level of 2–2.5 times EBITDA.

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Categories: General
Companies: Deutsche Telekom / Orange Romania / RCS&RDS / Telekom Romania / Vodafone
Countries: Romania
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