Thursday, 02 December 2021

Orange buys controlling stake in Telekom Romania

by Harry Baldock, Total Telecom
Friday 01 October 21

The operator giant purchased the 54% stake from Deutsche Telekom’s Greek unit, Hellenic Telecommunications Organization (OTE), for €296 million

Yesterday, Orange announced that it had purchased OTE’s 54% stake in Telekom Romania for €296 million. The Romanian state will hold the remaining 46% stake. For Orange, already the largest mobile operator in Romania with an overall market share of around 27%, the motivation for this purchase is obvious enough…

Yesterday, Orange announced that it had purchased OTE’s 54% stake in Telekom Romania for €296 million. The Romanian state will hold the remaining 46% stake. For Orange, already the largest mobile operator in Romania with an overall market share of around 27%, the motivation for this purchase is obvious enough…

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