telekom romania

Athens-listed OTE telecom group is heading toward the sale of Telekom Romania Mobile, its 100% owned Romanian mobile telephony subsidiary, with a new composition of buyers.

Hello, let’s start with the unpleasant news. For those of you who thought that by attending the inauguration of the Thessaloniki Metro you would hear some culture from Dionysis Savvopoulos and maybe a few tunes from Antonakis Remos, you were mistaken.

The Romanian government is examining the sale of OTE subsidiary Telekom Romania to French group Orange.
The Romanian landline telephony company, formerly known a Romtelecom, is a 54 percent subsidiary of Greece's OTE Group, with the Romanian state controlling 46 percent.

The National Communications Administration and Regulation Authority (ANCOM) last year handed down fines worth a total of 2.43 million lei (rd 530k euro, ed. n.) to several electronic communications and postal service operators, and conducted some 4,000 checks in the sector, the communications watchdog said in release on Monday.

The Bulgarian entrepreneur Spas Rusev has confirmed he is in talks to buy Telekom Romania.

Speaking to Capital, he added that because of the size of the possible transaction he is undertaking it with a partner.

Furthermore, he will at a future date also enter into talks to buy the Macedonian incumbent.