Orange to buy Telekom Romania

Greece’s OTE has agreed to sell its 54% stake in Telekom Romania Communications (TKR) to Orange Romania for €268 million. The deal, which values 100% of TKR at €497 million, is on a debt-free, cash-free basis and subject to customary adjustments at closing of the transaction, such as for net debt, working capital and pre-closing … Continue reading Orange to buy Telekom Romania