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General

Orange cleared to buy Telekom Romania fixed unit

Thursday 29 July 2021 | 11:00 CET | News
The European Commission approved the sale by OTE of its 54 percent stake in Telekom Romania Communications, Telekom's fixed networks division, to Orange Romania. However, the approval requires Orange to sell the 30 percent minority stake in Telekom Romania Mobile Communications (TRMC, formerly Cosmote), which is a direct competitor of Orange's mobile business. The concession was proposed by Orange itself, and OTE has agreed to buy the stake.  

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Categories: General
Companies: Cosmote / Deutsche Telekom / European Commission / Orange / Orange Romania / OTE / RomTelecom / Telekom Romania
Countries: Romania
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