OTE takes full ownership of Romanian mobile business


Source: freestocks / Unsplash

OTE’s near-100% absorption of mobile business a regulatory prerequisite for sale of its fixed sibling to Orange. Telekom Romania’s 30% holding given €59m price tag. Previously the subject of sale speculation, TRMC now fully focused on organic growth, with new Bucharest headquarters portrayed as “fresh start”.

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“The detail is very good. Better than we get internally.” – GM, Vodafone OpCo