Deutsche Telekomwatch

OTE takes full ownership of Romanian mobile business

2021-09-13T15:28:00

dt107-tt-ote-romania-mobile-m&a

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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