Quoting the Official Gazette, Hotnews reports that it has reduced the number of board members from four to three, with Andreas Rolf Grunewald, one of the board members brought in by Nikolai Beckers, the former CEO of Telekom Romania, leaving the company on April 30.
Telekom Romania has also modified the articles of incorporation of NextGen, which will now be managed by only three administrators.
NextGen has a national network in over 30 cities and 200 rural locations.
Its losses last year amounted to RON4,637,119 (€1,020,000), down from RON14,105,144 in 2014.
Telekom Romania has been headed by Miroslav Mojoros since earlier this year.