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).
Telekom Romania’s TV business lost 110,710 subscribers in the year to September 30.
Greece’s OTE has agreed to sell its 54% stake in Telekom Romania Communications (TKR) to Orange Romania for €268 million.
Telekom Romania’s revenues in the second quarter were, at €228.9 million, only 1% lower than in the same period last year.
Telekom Romania saw a 9.5% year-on-year increase in its revenues in the first quarter.
Deutsche Telekom is planning to sign off the sale of Telekom Romania by April.
SPI/FilmBox and Telekom Romania have signed a distribution deal to launch SPI’s flagship premium movie channel, FilmBox Premium, in the country.
Telekom Romania turned the financial corner in 2019, with its best performance in over three years.
Telekom Romania has added a further National Geographic channel to its line-up.