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Wireless

OTE completes acquisition of 30% stake in Telekom Romania Mobile

Friday 10 September 2021 | 08:33 CET | News
OTE announced it completed the acquisition of Telekom Romania Mobile. As a result, OTE now controls near 100 percent of TKRM. The final purchase consideration, reflecting the equity value, stood at EUR 58.9 million. The deal is a required condition for the regulatory approval of the sale of the 54 percent stake OTE holds in Telekom Romania's fixed business to Orange Romania.

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Categories: Mobile & Wireless
Companies: OTE / Telekom Romania
Countries: Greece / Romania
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