Orange has completed the acquisition of a controlling 54% stake in the fixed operator Telekom Romania Communications (TKR) from Greece’s OTE.
Greece’s OTE has finalised the acquisition of a 30% stake in Telekom Romania Mobile Communications (TRMC) held by Telekom Romania Communications (TKR).
Telekom Romania’s TV subscriber total fell to 1.07 million as of June 30 due to what the company refers to as “the overarching transformative trend in the use of legacy TV technologies”.
The European Commission (EC) has approved, under the EU Merger Regulation, the proposed acquisition of Telekom Romania Communications (TKR) by Orange.
The Greek incumbent OTE has agreed to sell its subsidiary Telekom Romania’s sports channels to Orange.
The European Commission says it will make a ruling on Orange’s proposed acquisition of Telekom Romania’s fixed-line business on July 28.
SPI/FilmBox and Telekom Romania have renewed and expanded their long-standing partnership for a further three years.
The number of Telekom Romania customers opting for its Smart TV Stick product increased by 47% in the first quarter.
The sale of Telekom Romania’s fixed-line business to Orange is being overshadowed by a troubling development.
Orange has outlined its plans for Romania following the acquisition of Telekom’s fixed business (TKR).