Orange has outlined its plans for Romania following the acquisition of Telekom’s fixed business (TKR).
Speaking to Ziarul Financiar, president and CEO Stephane Richard said that it plans to be a very strong competitor in the future 5G auction in Romania.
He also said that Orange aims to increase the number of households covered by its fibre-optic network by 50% in the next four years.
Richard revealed that the talks to acquire TKR took two years and he now wants approval for the deal as soon as possible so that it can be merged with Orange Romania and rebranded.
Once the acquisition is closed, Orange will have a business worth around €2 billion in Romania, representing around 5% of the group’s total revenues.
It will, according to Richard, also be able to compete more effectively with Digi and to some extent Vodafone.
As previously reported by Broadband TV News, Greece’s OTE agreed last month to sell its 54% stake in Telekom Romania Communications (TKR) to Orange Romania for €268 million.
