Telekom Romania Mobile

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.

Discussions between Deutsche Telekom and Greek technology company Desquared lasted more than a year, but now 20% of the latter has come under the control of the German telecommunications group. Kathimerini understands the purchase price of 20% of Desquared, which has a valuation of more than 20 million euros, was set at €5 million.