TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Access Evolution

Access Evolution

Orange Romania advances its convergence ambitions as it completes its acquisition of a 54% controlling stake in fixed operator Telekom Romania Communications

Via Orange press room

Sep 30, 2021

Orange announces today that it has completed its acquisition of a controlling stake in the fixed operator, Telekom Romania Communications (TKR). The closing of this deal will give Orange Romania a 54% controlling stake in one of Romania’s leading fixed telecom operators, with the remaining 46% stake retained by the Romanian State. Orange has obtained approval from the relevant authorities to enable it to complete the transaction for an enterprise value as previously stated of 497 million euros, based on 100% of TKR and its convergent customer base. This corresponds to an equity consideration of €296m*.

This successful transaction will now herald the acceleration of Orange’s strategy to be the preferred convergent services provider in Romania, with a firm commitment from Orange to pursue its investments in the Romanian telecommunications sector. Thanks to this acquisition, Orange, as the number one mobile operator in Romania and now with the combined strength of TKR’s fixed network, will create a fully fixed and mobile convergent operator across Consumer, Business and ICT** markets.

TKR is Romania’s second largest player in fixed telecoms with revenues of €633m reported in 2020. Through its owned network infrastructure, TKR provides fixed voice, broadband and pay-tv services to around five million customers and its approximately 90,000 km fibre network connects almost three million households. It also provides convergent services to close to 916,000 fixed-mobile convergent subscribers, as at 30 June 2021 through an MVNO contract with Telekom Romania Mobile.  These customers will be migrated to Orange Romania’s network in due course shortly, following the completion of the transaction.  

Both companies will continue to operate as two separate legal entities. Liudmila Climoc will continue her responsibilities as CEO of Orange Romania. Today, the TKR Board of Directors has appointed Mr. Andrei Popovici, as CEO of TKR. 

Mari-Noëlle Jégo-Laveissière, Deputy CEO, in charge of Orange in Europe, commented: “Today is a landmark day for Orange as this acquisition will propel Orange Romania forward in its convergence ambitions. Convergence is the key to our growth across Europe, and Romania is a key part of the Group’s European success story.”

Liudmila Climoc, CEO, Orange Romania, commented: “We are part of a defining moment not only for Orange, but for the entire telecoms market in Romania. I am very proud that Orange Romania and TKR teams have reached this point. We now move forward together, as a joint force and with a common goal – to be the first choice for convergent services in Romania. Together, we will build for our customers a complete offer with extended fixed coverage, mobile services from Orange, including expanding 5G coverage, more varied TV content and ICT solutions that support the digital transformation of businesses and public administrations.”

*This corresponds to a purchase price of €268m, on a debt-free, cash-free basis
**ICT– Information Technology and Communications

Related Topics
  • Access Evolution,
  • Broadband,
  • Europe,
  • Orange,
  • Telco & CSP,
  • Tracker

More Like This

Access Evolution

Europe at risk of missing 2030 gigabit target – ETNO

Feb 2, 2023

Access Evolution

Sale of 30% of the Norwegian Fibre business completed

Feb 2, 2023

Access Evolution

BT Group plc board changes

Feb 2, 2023

5G Evolution

Qualcomm and Samsung Partner to Bring the Fastest Snapdragon Ever to Galaxy S23 Series Globally

Feb 1, 2023

Access Evolution

What’s up with… Vodafone, Vantage Towers, Huawei

Feb 1, 2023

This content extract was originally sourced from an external website (Orange press room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).